Charlesbank Capital Partners Invests in Lido Advisors

Lido Advisors Acquires Enterprise Trust & Investment Company

August 16, 2022

Wealth Management

Lido Advisors LLC has closed its acquisition of Enterprise Trust & Investment Company (ETIC), a California-chartered trust company headquartered in Los Gatos. The deal expands Lido's wealth management capabilities by adding ETIC's trust and fiduciary services to Lido's comprehensive wealth planning offering; financial terms were not disclosed.

Charlesbank Capital Partners Commits $250M to Rise Growth Partners

February 1, 2024

Wealth Management

Charlesbank Capital Partners has committed $250 million to Rise Growth Partners to provide growth capital that Rise will use to acquire minority stakes in high-growth registered investment advisors (RIAs). Rise, based in Austin, will leverage the capital and its operating team to provide strategic guidance and accelerate partner RIAs' organic growth and M&A activity.

Lido Advisors Acquires Avitas Wealth Management

December 10, 2024

Wealth Management

Lido Advisors, a Los Angeles-based wealth advisory firm with about $24 billion in RAUM, announced it will merge in Avitas Wealth Management, a Southern California RIA with more than $1.1 billion in RAUM. The Avitas lead partners will join Lido, strengthening Lido's Los Angeles presence and expanding its multigenerational family wealth capabilities.

Charlesbank Capital Partners Makes Strategic Growth Investment in Aprio

July 11, 2024

Accounting & Tax

Charlesbank Capital Partners has made a strategic growth investment in Aprio, a leading business advisory and accounting firm, marking Aprio’s first institutional capital investment. The partnership will accelerate Aprio’s organic and inorganic growth by funding investments in talent, technology, corporate infrastructure, and geographic and capability expansion; terms were not disclosed.

Charlesbank Capital Partners Makes Majority Growth Investment in Petra Funds Group

October 19, 2023

Financial Services

Charlesbank Capital Partners has agreed to make a majority growth investment in Petra Funds Group, a fund administrator serving private investment firms. The Petra founders and management will remain significant shareholders, and the investment will support Petra's scaling of services, technology enablement, and talent recruitment to expand its fund administration and middle/back-office offerings.

Charlesbank Invests in Solve Advisors to Accelerate Product Innovation and Global Expansion

February 8, 2022

Data & Analytics

Charlesbank Capital Partners' Technology Opportunities Fund invested over $80 million in Solve Advisors to accelerate development of its SolveQuotes fixed-income data and analytics platform, support strategic acquisitions, and expand go-to-market operations globally. Credit Suisse Asset Management's NEXT Investors remains an existing investor and Oliver Wyman advised Charlesbank on the transaction.