Turning Rock Partners Provides $30M Expansion Capital to SilverLeaf Wealth Management

Mubadala Capital Acquires 42% Stake in Silver Rock Financial LP

December 6, 2024

Financial Services

Abu Dhabi-based Mubadala Capital acquired a 42% minority stake in U.S. private credit manager Silver Rock Financial LP through a mix of cash and Mubadala capital stock, with an option to increase to 50%. The deal brings Silver Rock principals and M‑Cor (the Milken family office) into Mubadala Capital’s asset management platform while preserving Silver Rock’s operational independence and management leadership; the transaction is expected to close by Q2 2025.

Turning Rock Partners Provides $60M Growth Financing to Main Street Auto

July 28, 2025

Automotive

Turning Rock Partners closed a $60 million growth financing to Main Street Auto, a founder-led automotive aftermarket services platform headquartered in Atlanta, Georgia. The capital will support Main Street Auto’s buy-and-build strategy to expand its footprint across the southern United States and accelerate acquisitions and operational scaling.

Turning Rock Partners Exits Next Level Aviation via Management-Led Recapitalization

January 2, 2025

Aerospace & Defense

Turning Rock Partners announced the majority redemption of its preferred equity investment in Next Level Aviation, marking a sponsor exit after its 2019 investment. The transaction was consummated through a management-led recapitalization (supported by a bank partner); Next Level Aviation, headquartered in Sunrise, Florida, employs ~35 people across the U.S. and Ireland and is a global supplier of used serviceable aircraft parts.

Summit Financial (SGP) Takes Minority Stakes in SEFG, Radiance Private Wealth and Silvertree

December 1, 2024

Financial Services

Summit Financial, through its Summit Growth Partners (SGP) partnership model, has made strategic minority, non-controlling investments in three independent advisory firms: Southeast Financial Group (SEFG), Radiance Private Wealth, and Silvertree Retirement Planning. The transactions expand Summit's nationwide advisor network and provide the firms access to Summit's multi-family office resources while allowing them to retain their leadership and autonomy.

Rockefeller Capital Management Acquires Spearhead Capital's Wealth Management Business (Bostwick Walters Group)

June 6, 2022

Financial Services

Rockefeller Capital Management has acquired the wealth management business of Spearhead Capital and will operate the team as The Bostwick Walters Group. The team of 12 professionals serves roughly 70 families with more than $1.5 billion in client assets and will join Rockefeller's Southeast Division.

LoneTree Capital Makes $23M Growth Investment in Northern Light Group

January 7, 2025

Cloud & SaaS

LoneTree Capital has made a $23 million growth investment in Boston-based Northern Light Group to accelerate product innovation and scale its enterprise knowledge management platform globally. As part of the investment, LoneTree partners Mike Devine, Rhett Lambert and Peter Bozian will join Northern Light's board; terms were not disclosed.