New Mountain Invests in Homrich Berg

INVESTMENT MANAGEMENT DEALS BLOG

August 9, 2021

On July 30, 2021, New Mountain Strategic Equity I, L.P. announced that it made a minority investment in Homrich Berg Partners, LLC.

Under the terms of the transaction, New Mountain Strategic Equity I, L.P. (“New Mountain”) made a minority-stake investment in Homrich Berg Partners, LLC (“Homrich Berg”). Further terms of the deal were not disclosed.

New Mountain, based in New York, is an investment firm focused on building growth and long-term capital appreciation. New Mountain manages approximately $30 billion in assets. DeVoe & Company represented New Mountain on the transaction.

Homrich Berg, based in Atlanta, is an independent wealth management firm providing fiduciary, fee-only investment management and financial planning services to high-net-worth individuals, families, and not-for-profits. Homrich Berg manages approximately $10 billion in assets. Raymond James Financial, Inc. acted as financial advisor to Homrich Berg on the transaction.

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