Captrust Explained

CAPTRUST is an American investment advisory company based in Raleigh, North Carolina., it had roughly $100 billion of assets under management and $750 billion of assets under advisement.^[1]

, it employed around 1,300 people and had acquired 69 companies since 2006.^[2] In 2020, private equity firm GTCR purchased 25% of the company at a price implying a total value of $1.25 billion.^[3]

Captrust originated in the 1990s within Interstate/Johnson Lane as a Fielding Miller and David Perkins project. In 2002, Wachovia, which had acquired Interstate/Johnson Lane, spun it out.^[4]

References

1. Web site: Benjamin . Jeff . 2022-07-26 . Captrust rejoins the M&A game with $4 billion deal . 2023-08-12 . InvestmentNews . en-US.
2. Web site: Fu . Lisa . 2023-07-12 . Captrust Acquires $2.3 Billion RIA as M&A Picks up Among Larger Firms . 2023-08-12 . AdvisorHub.
3. Web site: Beltran . Luisa . 2020-06-02 . Private-Equity Firm GTCR Takes a Minority Stake in Wealth Manager Captrust . 2023-08-12 . . en-US.
4. Web site: Barkin . Dan . 2018-12-03 . Fielding Miller makes Captrust a powerhouse . 2023-08-12 . Business North Carolina . en-US.