Snowden Lane Partners has strengthened its independence after buying back a significant portion of the stake held by its private equity partner, Estancia Capital Partners.
As a result of the transaction, the remaining shareholders, including Snowden Lane’s advisors and employees, own approximately two-thirds of the company, according to the firm’s statement accessed by Funds Society.
Snowden Lane also provided partial liquidity to vested advisor owners, who were able to monetize up to 40% of their holdings at an attractive valuation, the firm’s statement adds.
“In 2024, Snowden Lane achieved record profitability, registering 30% year-over-year revenue growth and over $80 million in total revenue. The firm added offices in Boca Raton, Golden, and Philadelphia. By the end of the year, Snowden Lane’s client assets amounted to approximately $11.7 billion,” the company’s statement details.
In addition to this transaction, Snowden Lane expanded its existing senior credit line in 2024; the firm maintains substantial cash and access to capital to continue recruiting and support potential acquisitions, the statement concludes.
