On June 6, 2024, Soltis Investment Advisors, LLC announced a capital partnership with Seward & Kissel client Estancia Capital Partners, L.P. and LLR Partners, L.P.
Soltis Investment Advisors, LLC (“Soltis”) announced on June 6, 2024 that it will partner with Estancia Capital Partners, L.P. (“Estancia”) and LLR Partners, L.P. (“LLR”). Estancia and LLR will be purchasing around 60% of Soltis. All current partners at Soltis will retain ownership interests. Further terms of the transaction were not disclosed.
Soltis, based in St. George, Utah, is a registered investment advisor providing financial planning and investment management services to individuals and families. As of April 2024, Soltis managed approximately $9 billion in client assets. Moelis & Company, LLC served as financial advisor to Soltis on the transaction.
Estancia is a private equity firm investing in lower middle-market companies. As of May 2024, Estancia had approximately $543 million in assets under management.
LLR, based in Philadelphia, is a middle market private equity firm investing in several industries, including education, fintech, healthcare, industrial tech, security and software. As of March 2024, LLR had approximately $5.8 billion in assets under management.
To read the press release: please click here.