Procyon Partners Secures Strategic Investment from Constellation Wealth Capital

Procyon Partners, a rapidly expanding registered investment advisory (RIA) firm, has announced a strategic minority investment from Constellation Wealth Capital (CWC). This partnership is set to significantly boost Procyon Partners' growth, enabling the firm to enhance its operations, attract top talent, and expand its national presence in the wealth management sector.

Procyon Partners Secures Strategic Investment from Constellation Wealth Capital

Procyon Partners, a prominent registered investment advisory (RIA) firm, has announced a significant strategic minority investment from Constellation Wealth Capital (CWC), an alternative asset management platform. This collaboration is poised to usher in a new era of growth and opportunity for Procyon Partners, empowering the firm to scale its operations, recruit leading talent, and broaden its geographical footprint.

Key Takeaways

• The investment from Constellation Wealth Capital is a minority stake, allowing Procyon Partners to maintain independent operation.

• The partnership aims to fuel growth, expand talent acquisition, and broaden Procyon Partners' national presence.

• Procyon Partners manages over $8.0 billion in client assets and specializes in institutional retirement consulting and private wealth management.

• Constellation Wealth Capital provides flexible, long-term capital solutions and strategic advisory support to wealth management platforms.

Fueling Future Growth and Expansion

Phil Fiore, CEO and Co-Founder of Procyon Partners, emphasized the transformative nature of this investment. He stated that CWC's support aligns with Procyon's client-first values and commitment to innovation, positioning the firm for accelerated growth while maintaining its independent, client-centric advice. The capital and strategic resources provided by CWC will enable Procyon Partners to:

• Broaden its service capabilities.

• Enhance resources available to its advisors.

• Establish new offices in key markets across the country.

A Vote of Confidence in Procyon's Model

Karl Heckenberg, President and Managing Partner at Constellation Wealth Capital, expressed enthusiasm for supporting Procyon Partners' vision. He highlighted Procyon's compelling, advisor-driven business model and clear growth trajectory. This investment signifies a strong vote of confidence in Procyon Partners' differentiated approach and future potential within the independent wealth management sector.

Maintaining Independence and Client Focus

Despite the investment, Procyon Partners will remain independently operated, committed to its entrepreneurial culture, fiduciary focus, and deep client relationships. The firm's existing partnership with back-office provider Dynasty Financial Partners further supports its operational framework. This collaboration with CWC underscores a shared belief in the value of long-term cooperation and innovation in serving the evolving needs of investors.

Advisory Roles in the Transaction

Houlihan Lokey served as the investment banking advisor to Procyon Partners for this transaction. Dynasty Investment Bank provided support to the management team of Procyon Partners throughout the process.