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Private Wealth Daily
PWD View, OpinionThe CloseThe Close

Carlyle takes a minority stake in Prime Capital Financial, where 170 advisors own equity

Prime Capital reports $52 billion in AUM and 225 advisors, up from 40 since its 2017 buyout from founder Kerry Lawing.

By PWD Editors10 min read

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At a glance

  1. Prime Capital's advisor count has grown from 40 to 225 since its 2017 buyout from founder Kerry Lawing, according to chief executive Glenn Spencer.
  2. Spencer cites equity ownership when describing that growth.
  3. The reporting does not state the price, size or intended use of Carlyle's investment.

Carlyle is taking a minority stake in Prime Capital Financial, a $52 billion RIA where 170 advisors already own equity.

Prime Capital's advisor count has grown from 40 to 225 since its 2017 buyout from founder Kerry Lawing, according to chief executive Glenn Spencer. Spencer cites equity ownership when describing that growth. The reporting does not specify whether the 170 equity holders are among the 225 advisors.

The reporting does not state the price, size or intended use of Carlyle's investment.

Reported by PWD Editors from PWD coverage: Prime Capital brings in Carlyle as minority investor; 170 advisors own equity and PWD tracked activity log. Published . Corrections

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