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FUNDRAISING NEWS | December 13, 2024

Report: Dynasty-backed Procyon Pursuing Additional PE Support

Tags: RIA, Mergers / Acquisitions

Shelton, CT-based RIA Procyon Partners is seeking a minority investor, CityWire reported December 12, citing “sources with knowledge of the situation.”

Procyon has spoken with potential equity partners but no deal has been finalized, sources told the publication. The $7B RIA is already supported by Dynasty Financial, which declined to comment to Citywire on the matter. Another Dynasty-backed RIA, Americana Partners, accepted additional private equity backing from Lovell Minnick Partners, as previously reported by Dakota on October 24.

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Written By: Dakota

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