Prime Capital Financial Announces Strategic Partnership With Carlyle to Accelerate Next Phase of Growth
Partnership supports one of the nation’s leading independent wealth management firms as it continues building a market-leading proposition for both clients and advisors.
Prime Capital Financial today announced that the Global Credit platform of global investment firm Carlyle (NASDAQ:CG) has agreed to provide an approximately $600 million hybrid capital solution to Prime Capital Financial, establishing a strategic partnership that includes a minority ownership interest in the company and supports the firm's long-term growth. The transaction values Prime Capital Financial at an enterprise value of more than $1.8 billion.
Headquartered in Overland Park, Kansas, Prime Capital Financial is a leading independent, planning-led wealth management firm. Since 2017, the firm has grown from approx. $2.5 billion in AUM and seven offices into a national organization serving clients through 68 offices with nearly $50 billion in AUM. During that period, it has completed more than 30 strategic acquisitions, integrated more than 50 advisory teams and consistently generated approx. 10% annual organic growth.
