Charlesbank Capital Partners, a middle-market private investment firm with offices in Boston and New York, has made a $250 million investment in Rise Growth Partners, a financial partner for registered investment advisors.Rise, with capital from Charlesbank and Rise management, will seek to acquire significant minority stakes in select RIA firms. Once invested, Rise will provide them with growth capital, operational guidance and acquisition expertise to fuel these firms evolutions into the next generation of national wealth management platforms. Rise will focus on acquiring stakes in high-growth RIAs with assets under management ranging from approximately $1 billion to more than $5 billion.Rise offers a unique value proposition grounded in the leadership teams extensive industry and growth experience, its partnership culture, and its differentiated investment process, comments David Katz, managing director at Charlesbank. We are very much looking forward to supporting them as they help emerging, growth-minded wealth management firms reach the next level.Ardea Partners LP served as financial advisor to Rise in conjunction with the transaction. Simpson Thacher & Bartlett LLP provided legal counsel to Charlesbank, and Kilpatrick Townsend & Stockton LLP provided legal counsel to Rise.