Snowden Lane Partners and Estancia Capital Partners Secure $50M Extended Credit Facility

NEW YORK–(BUSINESS WIRE)–Snowden Lane Partners, an independent, advisor-owned wealth management advisory firm dedicated to providing client-focused advice in a values-driven culture, and one of the growth RIAs fastest in the category, with majority investor in Snowden Lane, Estancia Capital Partners (“Estancia”), today announced that Snowden Lane has secured a $50 million extended credit facility from ORIX Corporation (“Orix”). This is the second time Snowden Lane has expanded its relationship with Orix since securing an initial installation in 2018.

The new funds, secured with the backing of Estancia and coupled with the growing profitability of Snowden Lane, will enable Snowden Lane to continue its strong growth and momentum through 2022 and beyond. In 2021, Snowden Lane added over $2 billion in client assets for a record recruiting year. In recent weeks, the company has added three additional advisory teams with approximately $750 million in client assets.

“We are delighted with today’s announcement as this expanded facility allows us to enter the next phase of our growth with non-dilutive capital,” said Rob Mooney, Managing Partner and CEO of Snowden Lane Partners. . “We are fortunate to have such a committed and supportive partner in Estancia, who recognized the potential of our business early on and contributed to our success. Estancia deserves huge credit for allowing us to secure this loan.

Takashi Moriuchi, Managing Director and Co-Founder of Estancia, added: “This is a natural next step in our relationship with Snowden Lane, as we always seek to partner with the management teams of our portfolio companies to develop clear growth strategies that maximize value. The Snowden Lane team has built one of the most respected brands in wealth management, and this expanded loan facility will allow them to further capitalize on opportunities within the ever-growing RIA community.

Since its founding in 2011, Snowden Lane has quickly built a national brand, attracting top industry talent from Morgan Stanley, Merrill Lynch, UBS, JP Morgan, Raymond James and Wells Fargo, among others.

Similarly, Estancia has raised $420 million in committed capital and nearly $150 million in co-investment capital in two funds, made 12 platform investments and 16 follow-on investments over the past decade.

Snowden Lane has 124 total employees, 70 of whom are financial advisors, in 12 offices across the country: Pasadena and San Diego, CA; New Haven, CT; Coral Gables, FL; Chicago, Ill.; Pittsburgh, Pennsylvania; Baltimore, Salisbury and Bethesda, MD; San Antonio, TX; Buffalo, NY, as well as its headquarters in New York.

About Snowden Lane Partners

Snowden Lane is an open architecture, nationally branded, hybrid registered investment advisor and broker-dealer that provides wealth management advisory services to high net worth individuals, families and institutional clients.

The firm is led by an experienced team of industry leaders, including Lyle LaMothe, Chairman of the Board, Rob Mooney, Managing Partner and Chief Executive Officer, and Greg Franks, Managing Partner, President and Chief Executive Officer. operations, who are dedicated to building a client-focused, nationally branded wealth management advisory partnership.

Snowden Lane is headquartered in New York and operates an SEC-registered investment adviser and broker-dealer. Snowden Lane provides a multi-custodian, multi-currency platform, with aggregated performance reporting and state-of-the-art analytical tools for clients and advisors. Snowden Lane also provides its financial advisors with comprehensive operational, financial, compliance, human resources and financial advisor transition support.

For more information on Snowden Lane, please visit www.snowdenlane.com.

About Estancia

Estancia is a financial services company focused exclusively on providing buyout and growth capital to small and medium-sized companies in the fintech, business services, wealth and asset management market. . As a lead investor, Estancia establishes partnerships through controlled and minority equity investments. It is pursuing management buyouts, private ownership transitions, growth initiatives, recapitalizations, carve-outs and platform additions. To view Estancia’s website, please visit: www.estanciapartners.com

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