Caprock Buys Austin-Based Venturi Private Wealth, Adds $4 Billion AuM

The Acquisition

Caprock, a privately held RIA and multi-family office, has acquired Venturi Private Wealth, a wealth management firm based in Austin, Texas. Venturi, founded in 2015, manages approximately $4 billion in assets under management (AUM) and provides services to entrepreneurs, executives, and multigenerational families. It has expanded into areas such as family governance, wealth education, advanced planning, and CFO services.

The acquisition brings nearly 30 employees to Caprock, including 10 advisors. The deal expands Caprock's footprint in Austin and Oklahoma City. The terms of the transaction were not disclosed.

Berkshire Global Advisors served as exclusive financial advisor to Venturi, with Bomy Hagopian, partner, leading the Berkshire team. DLA Piper served as legal advisor to Venturi, and Stoel Rives LLP served as legal advisor to Caprock.

Upon closing, Venturi will operate under the Caprock brand and platform. Norwood and Joey Sager, who lead Venturi's Oklahoma City office, will become managing directors at Caprock.

Benefits of the Acquisition

The acquisition will allow Venturi clients to continue working with their existing advisors while gaining access to Caprock's family office resources, a deeper menu of investments, and the support of a national team.

Background on Caprock and Venturi

Caprock, with teams in Boise, Seattle, San Jose, Newport Beach, Park City, New York, Austin, Chicago, Scottsdale, Denver, and Winter Park, advises on about $17 billion in client assets.

Venturi, founded in 2015, serves entrepreneurs, executives, and multigenerational families. It has expanded into areas such as family governance, wealth education, advanced planning, and CFO services.