HGGC and Wealth Partners Invest in Apella

INVESTMENT MANAGEMENT DEALS BLOG

February 18, 2022

On February 15, 2022, it was announced that Wealth Partners Capital Group and HGGC teamed up to invest in Apella Capital LLC.

Under the terms of the transaction, HGGC (“HGGC”) and Wealth Partners Capital Group (“Wealth Partners”) teamed up to invest in Apella Capital LLC (“Apella”).  The deal closed in the third quarter of 2021 and the involvement of HGGC had not previously been reported.

HGGC is a Palo Alto-based private equity firm specializing in technology investments. HGGC has approximately $2.7 billion in total client assets.

WPCG, based in West Palm Beach, Florida, is a financial services holding company which invests and partners with wealth management firms, providing them with capital and strategic support.

Apella, based in Glastonbury, Connecticut, is a national registered investment advisor, focusing on factor-based investing and planning. As of September 1, 2021, Apella had approximately $2.4 billion in assets under management and administration.