Osaic raises $2B secondary as PE piles into US wealth management
What's the deal? OsaicDealroom has a profile for this one. Try Dealroom → has raised more than $2 billion through a newly closed continuation vehicle. Lexington Partners and Ares ManagementDealroom has a profile for this one. Try Dealroom →'s secondaries team led the transaction, joined by Moonfare Secondary Fund. Reverence Capital PartnersDealroom has a profile for this one. Try Dealroom →, Osaic's owner since 2019, structured the vehicle to fund the platform's continued growth.
What it means. Osaic provides technology, regulatory backing and operational infrastructure to more than 10,000 independent financial advisors, who manage more than $747 billion in client assets. Since Reverence acquired the business, then known as Advisor GroupDealroom has a profile for this one. Try Dealroom →, in 2019, its advisor count has grown by more than 40% and assets have nearly tripled.
Why now? Private equity interest in wealth management is running at record levels. In the first quarter of 2026, $1.67 trillion in assets under management changed hands in the US, with private-equity-backed buyers driving most strategic acquisitions, according to the source.
Read more: Moonfare
Image credit: Osaic
