04.30.26

Osaic Closes $2 Billion Recapitalization

by: AdvisorHub

Osaic has completed a more than $2 billion recapitalization led by existing owner Reverence Capital Partners through a continuation vehicle structure that keeps the wealth management firm under the same ownership while bringing in new investors, including Bain Capital, Ares Management and Lexington Partners. The funding will provide liquidity to earlier investors and support acquisitions, advisor recruiting and growth initiatives. Since Reverence first invested in 2019, Osaic has expanded from roughly 7,000 advisors and $268 billion in client assets to about 10,000 advisors overseeing $747 billion. The firm also recently refinanced debt and completed the consolidation of its legacy broker-dealers into a single organization.

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