KKR, a global investment firm has made an investment in Beacon Pointe Advisors, LLC, a Beacon Pointe, LLC portfolio company. Going forward, Beacon Pointe will continue to own over 50% of BP Advisors with Abry Partners fully exiting its investment in the firm.

KKR’s investment will provide the firm with growth capital in order to support key operations and national expansion. KKR’s support will be used to invest in technology, personnel, employee professional growth and establish a Beacon Pointe charitable fund.

Beacon Pointe Advisors is a independent registered investment advisory firm with over $20 billion in assets under management through more than 10,000 clients.

“With its differentiated model, thoughtful approach to growth, and exceptional focus on client experience, Beacon Pointe is well-positioned to continue gaining share and scale within the growing and highly fragmented U.S. RIA market,” said Chris Harrington, KKR partner.

Goldman Sachs & Co. LLC served as the exclusive financial advisor to Beacon Pointe and Alston & Bird LLP served as legal counsel to the Company. Ardea Partners LP served as the financial advisor to KKR, and Kirkland & Ellis LLP served as legal counsel to KKR.