07.13.2022

Sanctuary Wealth Receives $175 Million Growth Investment from Kennedy Lewis Investment Management

We are excited to announce the closing of a $175 million investment from with New York-based Kennedy Lewis Investment Management (“Kennedy Lewis”). The funds will fuel the future growth and business plan of Sanctuary, including further M&A and strategic investments in both technology and talent.

Kennedy Lewis, founded in 2017, is a leading private credit manager, with over $10 billion in Assets under Management (AUM) across private debt funds and CLOs. Kennedy Lewis manages capital for more than 300 limited partners, including leading public and corporate pension plans, insurance companies, family offices, endowments and foundations with an extraordinary connectivity across the industry.

Since the launch of Sanctuary Wealth in 2018, we have become a leading holistic wealth platform in the independent space, building momentum year over year. Last year alone, we onboarded 20 new advisor teams with close to $12 billion in client AUM. Today, we’re a growing community of 75 partner firms in 26 states with approximately $25 billion in client AUM.
  
“Bringing in Kennedy Lewis to help fuel our continued growth will allow us to build out our ecosystem and enhance our corporate growth,” said Jim Dickson, CEO and Founder of Sanctuary Wealth. “The priority, however, will be to help our partner firms reach the next level as we further establish Sanctuary as a leader in the M&A space.”

Part of our ongoing success is our Partnership Program, designed to allow independent advisors who are nearing retirement but lack a succession plan, the opportunity to engineer a sale to either fully or partially exit the business. In these situations, Sanctuary can serve as a matchmaker, pairing the exiting advisor with a Sanctuary partner firm for a well-aligned acquisition.

A substantial portion of the new capital from Kennedy Lewis will be used to increase our ability to maximize such joint acquisition opportunities with our partner firms. In addition, considerable funds will be earmarked for continued strategic investments in both technology and talent as we are committed to deliver the best possible experience and platform for our partner firms and their clients.

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This transaction gives us the advantage of now working with two world class institutional partners, Kennedy Lewis and Azimut Group, who had invested in Sanctuary in 2021. With a new, balanced Board of Directors, no one entity will have a majority stake in Sanctuary. Going forward, we will leverage the benefits of Kennedy Lewis’ growth engine and Azimut’s global footprint, and continue to expand our distribution platform and community of elite independent advisors.


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