The Desk Summary
Reverence Capital Partners Closes $2bn Continuation Vehicle Recapitalization of Osaic
Brief
Reverence Capital Partners announced on May 1 the close of a more than $2 billion continuation vehicle recapitalization of Osaic, a wealth management platform with about 10,000 financial advisors and $747 billion in client assets under administration. The recapitalization provided liquidity to existing Reverence fund investors and added a syndicate of new backers including Ares Secondaries, Lexington Partners and Bain Capital. Reverence also committed additional capital from its Fund IV to support organic growth and acquisitions.
Reverence Capital Partners has closed a recapitalization of wealth management platform Osaic, Inc.
through a continuation vehicle that raised more than $2 billion to provide liquidity to existing fund investors.
Osaic, which oversees approximately 10,000 financial professionals and $747 billion in client assets, will remain a Reverence Capital portfolio company, with the sponsor committing additional equity from its Fund IV and welcoming Bain Capital as a new investor alongside lead CV investors Ares Secondaries...
Deal details
- Buyer
- Reverence Capital Partners
- Sponsor
- Reverence Capital Partners
- Target
- Osaic
- Platform
- Osaic
- Deal type
- Secondary
- Announced
- May 1, 2026
- Status
- announced