Abry Partners Exits Investment in Prime Capital Financial Following Period of Significant Growth
Abry's partnership supported Prime Capital Financial’s evolution into one of the nation's leading independent wealth management platforms
Abry Partners (“Abry”), a Boston-based private equity firm, today announced the successful exit of its investment in Prime Capital Financial (the "Company"), one of the nation's fastest-growing independent wealth management firms. The Carlyle Group has agreed to acquire a minority ownership interest in Prime Capital Financial to support the Company’s continued growth. Financial terms of the transaction were not disclosed.
Abry invested in Prime Capital Financial in 2023 and worked closely with the Company's management team to execute a multi-faceted growth strategy and build a differentiated national wealth management platform serving clients across 68 offices with nearly $50 billion in assets under management. Over the course of the partnership, Prime Capital Financial accelerated growth both organically and inorganically through acquisitions and advisor recruitment. Abry partnered with management to strengthen the leadership team, expand the Company's capabilities in areas such as family office and tax planning, and invest meaningfully in the operational infrastructure needed to support the next phase of growth. Prime Capital Financial represents another successful realization for Abry within financial services, where the firm has invested for decades and continues to see compelling long-term opportunities.
