A Daily Network publication
Explore the network
Private Wealth Daily
Independent Intelligence on the Private Wealth Industry
Monday, October 12, 2026The Morning Brief →Sign in
OpinionThe CloseThe Close

Carlyle takes a minority stake in Prime Capital Financial, where 170 advisors own equity

Prime Capital reports $52 billion in AUM and 225 advisors, up from 40 since its 2017 buyout from founder Kerry Lawing.

At a glance

20-second brief
  • Carlyle is taking a minority stake in Prime Capital Financial, a $52 billion RIA where 170 advisors already own equity.

  • Prime Capital's advisor count has grown from 40 to 225 since its 2017 buyout from founder Kerry Lawing, according to chief executive Glenn Spencer.

  • The reporting does not state the price, size or intended use of Carlyle's investment.

Carlyle is taking a minority stake in Prime Capital Financial, a $52 billion RIA where 170 advisors already own equity.

Prime Capital's advisor count has grown from 40 to 225 since its 2017 buyout from founder Kerry Lawing, according to chief executive Glenn Spencer. Spencer cites equity ownership when describing that growth. The reporting does not specify whether the 170 equity holders are among the 225 advisors.

The reporting does not state the price, size or intended use of Carlyle's investment.

Continue your research

Save this analysis and keep the funds you follow together in My Desk.

Sign in to save articles or follow funds.
Sources & further reading
PWD coverage: Prime Capital brings in Carlyle as minority investor; 170 advisors own equity · PWD tracked activity log
More from PWD
The Close

Adam Vos takes BNY Pershing's RIA custody unit as Wove is withdrawn

Adam Vos moves from Pershing's corporate side to run the unit, Ainslee Simmonds is out, and tracking logs four more BNY Pershing executive changes the same day.
The Close

Former InvestCloud and Envestnet executives launch Singularity Financial Partners, an RIA operating company

The firm, founded in February, says it takes ownership through capital, operating work or both, with pay tied to each firm's results.
Deals & PE

Tokio Marine, Schroders, BlueOrchard and International Finance Corporation launch $2 billion fund

TotalEnergies and KKR announced a $1.2 billion deal the same day; three other transactions closed, totaling $178 million.
Elsewhere in the networkAll titles →
Every weekday · 6:30 a.m. ET

The Morning Brief

The private wealth industry in four minutes, every weekday at 6:30 a.m. ET. Free.