On August 20, 2024, Rise Growth Partners announced that it acquired a minority stake in Bleakley Financial Group.
Rise Growth Partners (“Rise Growth”) announced, on August 20, 2024, that it acquired a minority stake in Bleakley Financial Group (“Bleakley”). Rise Growth invested over $50 million in Bleakley. Under the terms of the transaction, Rise Growth will help finance future deals Bleakley pursues. Further terms of the transaction were not disclosed.
Rise Growth, based in Austin, Texas, is an investing company launched earlier this year that focuses on taking minority stakes in registered investment advisors.
Bleakley, based in Fairfield, New Jersey, is a hybrid registered investment advisor that provides clients with financial planning and wealth management services. Bleakley had nearly $10 billion in client assets.
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