Simpson Thacher is representing funds managed by Charlesbank Capital Partners (“Charlesbank”) in connection with its $250 million commitment to Rise Growth Partners (“Rise”) to acquire significant minority stakes in select registered investment advisory (RIA) firms.~~Once invested, Rise will provide these firms with growth capital, hands-on operational guidance and acquisition expertise to fuel their 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 intends to announce its select group of initial partner RIAs over the course of 2024.~~The Simpson Thacher team for the transaction includes Lou Argentieri, Marni Lerner and Simon Teich (M&A); David Rubinsky, Meredith Brenton and Guanxiong Xu (Executive Compensation and Employee Benefits); and Sophie Staples and Lina Pan (Tax).