Beacon Pointe has announced the signing of a definitive agreement under which KKR will make an investment in Beacon Pointe.
The Beacon Pointe team will continue to own more than 50 percent of the company going forward, and Abry Partners will fully exit its investment in Beacon Pointe as a result of this transaction.
KKR’s investment will provide Beacon Pointe with growth capital to support key priorities and continue the company’s strategy for national expansion through new office openings and acquisitions. Beacon Pointe’s brand, culture and executive leadership team will remain intact, and clients will continue to receive the same level of high-quality, high-touch and high-tech services, delivered by the same core advisory teams. With KKR’s support, Beacon Pointe will further invest in technology, personnel and employees’ professional growth, and will establish a Beacon Pointe charitable fund.
The investment from KKR comes during a period of significa
