Hamilton Lane Invests in Savant Wealth to Facilitate Cynosure's Liquidity
Savant Wealth Management has secured a $270 million minority stake from Hamilton Lane, enabling current investor Cynosure Partners to provide liquidity options for its original partners after approximately ten years. The investment allows Cynosure to remain involved in Savant through a continuation vehicle while maintaining Kelso & Company as another early investor and ensuring that employees continue to hold the largest share of ownership. Savant, based in Rockford, Illinois, now manages over $57 billion in client assets—over 25 times what it managed when Cynosure initially invested. Hamilton Lane described Savant as a high-quality business with strong leadership and favorable market conditions for growth. The transaction reflects confidence in the firm's future, particularly after its recent acquisition of a Massachusetts-based wealth manager. Cynosure is also involved in Steward Partners, an employee-owned RIA managing nearly $50 billion in assets. Campbell Lutyens advised Cynosure on this deal.
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Topics: minority stake acquisition private equity wealth management