New Mountain Capital Makes Minority Investment in Homrich Berg

TPG Growth Makes Minority Investment in Homrich Berg

September 26, 2024

Wealth Management

TPG Growth, the middle market and growth equity platform of TPG, is making a strategic minority growth investment in Atlanta-based wealth management firm Homrich Berg. Terms were not disclosed; Homrich Berg’s management will remain the largest shareholder and existing investor New Mountain Capital will remain invested. The capital will be used to expand capabilities, attract talent, and enhance client services, with the transaction expected to close in Q4 2024.

Homrich Berg Acquires WMS Partners

January 16, 2025

Financial Services

Atlanta-based Homrich Berg (HB Wealth Management) has closed the acquisition of WMS Partners, a Towson, Maryland-based RIA with $6.4 billion in AUM. The deal expands HB's family office capabilities and mid-Atlantic presence, bringing combined AUM to over $24 billion and keeping WMS's leadership and advisors in the Towson office to ensure continuity for clients.

New Mountain Capital Acquires Majority Stake in Citrin Cooperman

April 11, 2022

Accounting & Tax

New Mountain Capital made a majority investment in Citrin Cooperman to support the accounting and advisory firm's organic and acquisition-led growth. The partnership will provide Citrin Cooperman with capital and resources to expand services, pursue technology and advisory acquisitions, and grow its footprint across new markets.

Great Hill Partners Makes Minority Investment in Mission Wealth

May 5, 2025

Wealth Management

Great Hill Partners has made a minority growth investment in Mission Wealth, a Santa Barbara-based wealth management firm. The capital will support Mission Wealth's national expansion, technology investments, and M&A/integration efforts while the firm remains majority employee-owned.

New Mountain Capital Makes Growth Investment in The Rawlings Group

April 2, 2024

Healthcare Services

Affiliates of New Mountain Capital have made a strategic growth investment in The Rawlings Group, a La Grange, Kentucky–based coverage analytics and payment integrity provider for health insurers. The capital will support investments in AI, product development, talent, and expansion into new markets and capabilities while New Mountain partners with Rawlings' management team.

New Mountain Capital Invests in Consor Holdings

June 3, 2024

Engineering Services

New Mountain Capital has made a significant growth investment in Consor Holdings LLC to support the firm's continued expansion; Consor leadership and employees retain a significant ownership stake. As part of the transaction, Keystone Capital fully sold its stake, and the new capital will be used to expand Consor’s geographic reach, service offerings, technology enablement, and strategic M&A.