Sanctuary Wealth lands $175m investment from Kennedy Lewis

Sanctuary Wealth has secured $175m of fresh investment from US-based private credit manager Kennedy Lewis Investment Management.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.

The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.

The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.

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Kennedy Lewis was established in 2017 and currently has more than $10bn in assets under management (AUM) in various private debt funds and CLOs.

The latest investment will be used by Sanctuary Wealth to fund its future growth and business strategy.

Sanctuary plans to use part of the new fund for additional merger and acquisitions (M&A) as well as strategic investments in both technology and talent.

With the deal, Sanctuary is set to work together with Kennedy Lewis and Azimut Group, which had made an investment in the company last year.

The company aims to strengthen its distribution chain and network of independent advisors.

In addition, Sanctuary will have a new board of directors, limiting a single company to own a majority stake in the company.

Sanctuary Wealth CEO and founder Jim Dickson said: “Bringing in Kennedy Lewis to help fuel our continued growth will allow us to build out our ecosystem and enhance our corporate growth.

“The priority, however, will be to help our partner firms reach the next level as we further establish Sanctuary as a leader in the M&A space.”

Launched in 2018, Sanctuary Wealth currently has around $25bn in AUM with 75 partner firms in 26 states across US.

Last year, the company said to have brought 20 new advisor teams with nearly $12bn in client AUM. Last month, Sanctuary Wealth announced that SkyPath Private Wealth had selected the company to further grow its business.

Free Report

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.

The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.

The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.

By GlobalData