Subscribe

Private equity firms take controlling interest in Focus Financial

Infusion from Stone Point Capital and KKR values RIA consolidator at $2 billion.

An investor group led by private equity firms Stone Point Capital and KKR is acquiring a majority stake in Focus Financial Partners, valuing the RIA rollup firm at approximately $2 billion.

Selling shareholders include Focus’ current private equity investors — Centerbridge Partners, Summit Partners and Polaris Partners — as well as employees and some of the registered investment advisory firms that use Focus Financial’s platform, which provides a variety of services for those firms.

Terms of the acquisition were not announced.

In a press release, Focus said that the new capital infusion is the firm’s third liquidity event since 2013, noting that the company’s senior management team, including founder and CEO Rudy Adolf, will continue to lead the business and each will remain a significant shareholder.

Focus, which was founded in 2006, has 45 partner firms and affiliates across the United States, Australia, Canada and the United Kingdom, with a joint venture in China.

Learn more about reprints and licensing for this article.

Recent Articles by Author

Stocks rise following hot March inflation

The S&P 500 is poised to extend gains on tech earnings while short-term Treasury yields fell following brisk rise in Fed’s preferred inflation gauge.

Fed will cut once before presidential election, says Howard Lutnick

Cantor Fitzgerald’s chief executive predicts the central bank will “show off a little bit” just before voters head to the polls.

Tech stocks tumble after Meta misses on earnings

The Nasdaq 100 shed $400B, the Facebook parent slumped by as much as 16%, and AI believers are left on tenterhooks.

Concord ups the ante on Hipgnosis takeover battle

The music rights investor increased its bid to own the London-listed company’s enviable library of songs from iconic acts.

Trump Media doubles down on illegal short-selling claims

Parent company of Truth Social has flagged concerns that so-called "naked" short sales are happening.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print