Z2, Hamilton Lane, Everside Capital Stake Long Island’s Coastline Wealth

Z2 Investment Management announced that it led an investment of first lien debt and preferred equity, alongside a Hamilton Lane-managed fund and Everside Capital Partners, in Long Island, NY-based RIA Coastline Wealth Management.

Z2 said the investment will enable Coastline to continue to pursue its acquisition growth strategy. A Kestra partner, Coastline in December 2024 made partial acquisitions of Florida, NY-based Myles Wealth Management and Chicago-based Stensland Financial Group, adding approximately $300M in client assets, as previously reported by Dakota. Its growth strategy is to actively pursue acquisitions of wealth advisors managing between $50M and $500M in client assets.

Neither Z2 nor Hamilton Lane and Everside Capital disclosed the size of their investments in Coastline, though Z2 targets investments ranging from $10M to $50M. Hamilton Lane’s investment came through its New York Credit SBIC Fund II.

Founded in 2012, Coastline manages and advises on approximately $2.5B in assets for over 5,000 client accounts across the East Coast.