HGGC, a private equity firm focused on the middle market, is forming Aspire Holdings, a new firm that will hold HGGC’s investments in the registered investment advisors sector. The firm plans to invest up to $300 million dollars in the RIA space.
HGGC’s investments in the RIA space will continue to operate independently. The firm will invest $300 million in RIAs in partnership with other investors and on its own.
Neil White, a Partner at HGGC said, “Our RIA investments over the past 18 months and the subsequent formation of Aspire demonstrate how HGGC identifies specific sectors and themes with great potential and then acts quickly to capture opportunities and build portfolio companies for sustainable growth and long-term success with employees and customers.”