Reverence Capital Partners Recapitalizes Osaic With $2B+ Continuation Vehicle Featuring Ares Secondaries, Lexington Partners and Bain Capital

Reverence Capital Partners closed a more-than-$2 billion recapitalization of Osaic, funding the deal with new capital through a continuation vehicle while maintaining Osaic’s existing governance and board composition. Proceeds provide liquidity to existing investors in Reverence Capital funds and increase Osaic’s balance sheet capital to support organic growth, acquisitions and other strategic initiatives, with Ares Secondaries funds and Lexington Partners leading the continuation vehicle and Bain Capital joining as a new investor.