Captrust

CAPTRUST is an American investment advisory company based in Raleigh, North Carolina. As of July 2022, it had roughly $100 billion of assets under management and $750 billion of assets under advisement.[1]

As of July 2023, 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]

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