Insigneo Financial Group, a fast-growing independent wealth management platform catering to international advisors and clients, announced that Bain Capital Credit and J.C. Flowers & Co. LLC, with participation from private investors, have agreed to make a significant minority investment of $100m in the Company.
Today, the Company’s independent wealth management platform supports 170 investment professionals (IPs), in addition to 37 partner firms that account for another 182 IPs, altogether servicing close to $13 billion in client assets.
In conjunction with the transaction, Bain Capital Credit is providing debt financing for Insigneo’s previously announced acquisition of Citi International Financial Services, LLC (CIFS) and Citi Asesores de Inversion Uruguay S.A., from Citi.
Read more: Citi Biz
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