Carlyle Joins GTCR as Strategic Investor in CAPTRUST
September 19, 2023
CAPTRUST has received a minority growth investment from funds managed by Carlyle, with existing investor GTCR remaining a minority partner. The capital will fund CAPTRUST's inorganic growth strategy (add-on acquisitions and capability expansion); financial terms were not disclosed.
- Buyers
- Carlyle, GTCR
- Targets
- CAPTRUST Financial Advisors
- Industry
- Wealth Management
- Location
- North Carolina, United States
- Transaction Type
- Growth capital
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CAPTRUST Acquires Carolinas Investment Consulting (CIC)
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CAPTRUST Financial Advisors has acquired Carolinas Investment Consulting (doing business as Carolinas Wealth Consulting), a Charlotte-based registered investment advisor overseeing about $1.4 billion in client assets and a 20-person team. CIC will adopt the CAPTRUST brand, close its broker/dealer and move accounts to CAPTRUST's broker/dealer (pending regulatory approval); the deal establishes CAPTRUST's second Charlotte location.
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CAPTRUST Onboards Wealth Covenant Group (Houston)
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CAPTRUST Financial Advisors announced that Wealth Covenant Group (WCG), a Houston-based wealth advisory firm, has joined CAPTRUST and will adopt the CAPTRUST brand. WCG brings three employees and approximately $300 million in client assets, expanding CAPTRUST's presence in the Houston/Texas market.
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CAPTRUST Acquires Alpha Cubed Investments
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CAPTRUST Financial Advisors announced that Alpha Cubed Investments (ACI), a Southern California wealth management firm with approximately $3.8 billion in AUM, joined CAPTRUST in January 2026 and will adopt the CAPTRUST brand. The move expands CAPTRUST’s advisory presence in Southern California and adds ACI’s advisor team and capabilities to CAPTRUST’s platform.
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CAPTRUST Acquires Campbell Wealth Management and TruNorth Wealth Partners
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Financial Services
CAPTRUST Financial Advisors has acquired Campbell Wealth Management (Alexandria, Virginia) and TruNorth Wealth Partners (St. Paul, Minnesota), adding a combined $1.97 billion in client assets and expanding its geographic footprint. The deals bring 33 colleagues from Campbell (with $1.4 billion in assets) and 10 colleagues from TruNorth (with $570 million in assets) to CAPTRUST; financial advisors Houlihan Lokey and Advisor Growth Strategies served as advisors to Campbell and TruNorth, respectively.
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CAPTRUST Acquires Normann Financial Group
November 3, 2023
Wealth Management
CAPTRUST Financial Advisors has acquired Normann Financial Group, a 10-member advisory team that oversees more than $1.3 billion in assets, expanding CAPTRUST’s footprint in North Carolina. The deal adds local wealth-management and retirement-plan advisory capabilities to CAPTRUST’s national RIA platform.
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CAPTRUST Acquires Ellwood Associates to Expand Endowment & Foundation Offering
August 26, 2021
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CAPTRUST Financial Advisors has agreed to acquire Chicago-based Ellwood Associates, adding the firm's endowment, foundation and retirement-plan practice and bringing approximately 55 Ellwood employees into CAPTRUST. The deal expands CAPTRUST’s alternative investments and endowment & foundation capabilities and gives the firm its first Chicago office; the transaction was announced August 26, 2021 and expected to close in Q4 2021.
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