Rise Growth Partners Makes Strategic Minority Investment in Bleakley Financial Group

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.

Rise Growth Partners Makes Minority Investment in Grimes & Company

February 19, 2025

Financial Services

Rise Growth Partners acquired a strategic minority stake in Grimes & Company, a family-owned wealth management firm with about $5.7 billion AUM that serves ~3,000 households. The investment — supported by a strategic commitment from Charlesbank Capital Partners to Rise — is intended to accelerate Grimes' geographic expansion, enhance its centralized planning capabilities and attract growth-focused advisor teams while preserving the firm's independence and culture.

Rise Growth Partners Acquires Minority Stake in Krilogy

October 22, 2025

Wealth Management

Rise Growth Partners has made a non-controlling minority investment in Krilogy, a St. Louis-based registered investment advisory firm managing roughly $4.0–4.1 billion in client assets. The partnership will provide capital, strategic resources and support for advisor talent development, succession planning and continued growth while preserving Krilogy’s independent culture.

Summit Financial (via Summit Growth Partners) Invests in Parsons Broach Financial Services

May 29, 2025

Wealth Management

Summit Financial, through its Summit Growth Partners platform, made a minority investment in Parsons Broach Financial Services, a Montgomery, Alabama-based wealth advisory firm that manages more than $250 million in assets. The deal brings the Parsons Broach team onto Summit's partnership platform to accelerate growth and provide the firm with additional resources, technology, and strategic support.

Avance Investment Management Makes Strategic Investment in RIA Advisory

August 29, 2022

IT Services

Avance Investment Management, a middle-market private equity firm, made a strategic (minority) investment in RIA Advisory to support the company’s growth and expansion of its revenue management offerings. RIA Advisory’s founder and management team will remain in place as the capital will be used to diversify capabilities, expand into new verticals and accelerate international growth.

Long Ridge Equity Partners Leads Growth Investment in RFG Advisory

August 2, 2023

Wealth Management

Long Ridge Equity Partners led a growth capital investment in RFG Advisory, a turn-key platform for independent financial advisors that supports more than 100 advisors and oversees over $4 billion in assets. The investment will fund enhancements to RFG’s technology and go-to-market capabilities and support executive team expansion; Andrew Cedar and Doug Nelson will join the Board of Managers.