Centerbridge invests $200 million in Modern Wealth Management
The hybrid debt-and-equity investment will fund acquisitions for the Monterey, California wealth management firm, which has about $17 billion in assets under management.
Modern Wealth Management said on November 10, 2026 that funds managed by Centerbridge Partners have made a $200 million hybrid debt-and-equity investment in the firm to support its next phase of growth. Funds managed by Harvest Partners SCF also invested.
Modern Wealth Management is a registered investment advisory firm founded in April 2023 by Gary Roth, Mike Capelle, Jason Gordo and Jason Del Col. The firm has completed 26 acquisitions since its launch and has more than 150 employee shareholders. Crestview Partners, which provided the firm's initial $200 million equity financing in 2023, remains its largest institutional investor alongside Centerbridge.
The company said the capital will accelerate its acquisition strategy, expand its presence in key markets and strengthen its integrated wealth management platform. Jason Gordo, president and co-founder, said the firm will remain majority employee-owned. David Canter, CEO of Finley Point Strategy LLC, also joined the board and made an equity investment through ATON Associates.
Deal facts
- Target
- Modern Wealth Management
- Business
- Registered investment advisory firm founded in April 2023 that has grown to almost $17 billion in assets under management through acquisitions and organic growth.
- Investor
- Centerbridge Partners
- Deal type
- Investment
- Headquarters
- Monterey, California
- Value
- $200 million
- Status
- Completed
- Announced
- Tuesday, November 10, 2026
Sources
- Business Wire via Yahoo FinanceNov 10, 2026
- Business WireNov 10, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.