On September 19, 2023, The Carlyle Group announced that it purchased a minority stake in CAPTRUST Financial Advisors.
Under the terms of the transaction, The Carlyle Trust (“Carlyle”) purchased a minority stake in CAPTRUST Financial Advisors (“CAPTRUST”). Carlyle purchased the minority stake for $3.7 billion. Further terms of the deal were not disclosed.
Carlyle, based in New York, is a multinational private equity, alternative asset management and financial services corporation. Carlyle manages approximately $163 billion in private equity assets.
CAPTRUST, headquartered in Raleigh, North Carolina, provides investment management, financial planning, estate planning, and tax advisory and compliance services for individuals and families. As of December 31, 2022, CAPTRUST had over $714 billion in assets under management. Ardea Partners served as CAPTRUST’s financial advisor on the transaction.
To read the press release: please click here.