Snowden Lane Partners, an independent, advisor-owned wealth advisory firm, together with Snowden Lane’s majority investor, Estancia Capital Partners, secured an expanded $50 million credit facility from ORIX. This marks the second time Snowden Lane expanded its Orix relationship since securing an initial facility in 2018.
The new funds, secured with Estancia’s support and coupled with Snowden Lane’s profitability, will allow Snowden Lane to continue its growth and momentum through 2022 and beyond. In 2021, Snowden Lane added more than $2 billion in client assets for a record recruiting year. In recent weeks, the firm added three additional advisor teams with approximately $750 million in client assets.
“We’re thrilled with today’s announcement, as this expanded facility enables us to enter the next phase of our growth with non-dilutive capital,” Rob Mooney, managing partner and CEO of Snowden Lane Partners, said. “We’re fortunate to have such a strongly supportive and committed partner in Estancia, who recognized early on the potential in our business and have been instrumental in enabling our success. Estancia deserves tremendous credit for enabling us to secure this loan.”
“This is a natural next step in our relationship with Snowden Lane, as we always seek to partner with our portfolio company management teams to develop clear growth strategies that maximize value,” Takashi Moriuchi, managing director and co-founder of Estancia, said. “The team at Snowden Lane has built one of the most respected brands in the wealth management space, and this expanded loan facility will allow them to further capitalize on opportunities across the ever-changing RIA community.”
