Captrust is an American

investment advisory An Investment advisory, in financial/investment organizations, is the unit linking the investment professionals in the central asset management unit (Investment Research, Portfolio Management) to the relationship managers and/or to important clien ...

company based in

Raleigh, North Carolina Raleigh (; ) is the capital city of the state of North Carolina and the List of North Carolina county seats, seat of Wake County, North Carolina, Wake County in the United States. It is the List of municipalities in North Carolina, second-most ...

. , it had roughly $100 billion of assets under management and $750 billion of assets under advisement. , it employed around 1,300 people and had acquired 69 companies since 2006. In 2020, private equity firm

GTCR GTCR LLC is a Chicago, Illinois-based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. The firm principally invests in high-growth industries, including financial services & tec ...

purchased 25% of the company at a price implying a total value of $1.25 billion. Captrust originated in the 1990s within Interstate/Johnson Lane as a Fielding Miller and David Perkins project. In 2002,

Wachovia Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total asse ...

, which had acquired Interstate/Johnson Lane, spun it out.

References

{{investment-stub Private equity firms of the United States Investment management companies of the United States