On February 19, 2025, Rise Growth Partners announced that it acquired a minority stake in Grimes & Company, LLC.
Rise Growth Partners (“Rise Growth”) announced, on February 19, 2025, that it acquired a minority stake in Grimes & Company, LLC (“Grimes”). 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. Rise Growth is backed by Charlesbank Capital Partners, a middle-market private investment firm. As of September 2024, Charlesbank Capital Partners had approximately $19 billion in assets under management.
Grimes, based in Westborough, Massachusetts, is a registered investment advisory firm offering investment management and financial planning services. Grimes manages approximately $5.7 billion in assets.
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