Golden Gate Capital Recapitalizes Parallel Advisors; Parallel Acquires AUTUS Asset Management
January 5, 2023
Parallel Advisors completed a recapitalization led by its management team and Golden Gate Capital to accelerate organic growth and M&A. In connection with the investment, Parallel acquired AUTUS Asset Management, bringing the combined firm to approximately $5.7 billion in AUM, and prior minority investor Emigrant Partners fully exited.
- Buyers
- Golden Gate Capital, Parallel Advisors, LLC
- Targets
- Parallel Advisors, LLC, AUTUS Asset Management, LLC
- Sellers
- Emigrant Partners, LLC
- Platforms
- Parallel Advisors, LLC
- Industry
- Wealth Management
- Location
- California, United States
- Transaction Type
- Recapitalization
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