Hamilton Lane Leads Investment in Continuation Vehicle for Savant Wealth Management
Cynosure Partners has closed a $270 million continuation vehicle for Savant Capital Holdings, offering liquidity to original investors. Hamilton Lane (Nasdaq: HLNE) served as the sole lead investor and provided all new capital outside of Cynosure's existing stake. The transaction marks ten years since Cynosure first invested in Savant, which has grown significantly under its ownership model with over $57 billion in assets under management today. Savant is one of the largest independent registered investment advisors (RIA) in the U.S., serving more than 25,000 clients across 70 offices. The deal reinforces Hamilton Lane's focus on wealth management investments and expands its presence in the RIA sector. Cynosure remains a minority investor alongside Kelso & Company while Savant employees continue to hold majority ownership. Cynosure’s Keith Taylor expressed confidence in Savant’s future, highlighting it as an extension of their long-term partnership with the firm's leadership.
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Topics: continuation vehicles investment private markets wealth management