Focus Financial Partners Receives $50 Million in Growth Capital

November 16, 2009

NEW YORK — Focus Financial Partners, LLC, ("Focus") the leading partnership of independent wealth management firms, today announced that Polaris Venture Partners ("Polaris") and Summit Partners have invested $50 million growth capital in Focus, with Polaris contributing $35 million and Summit Partners, Focus' initial backer in January 2006, an additional $15 million. Concurrent with the investment, Focus extended and amended their bank credit facility with a $30 million accordion to further expand the capital structure.

Focus will use the capital to continue with acquisitions of quality wealth management firms. Focus is also dedicating additional resources to a variety of activities to support growth for partners including: recruiting and sub acquisitions, expansion of services, marketing and business development.

Rudy Adolf, Founder and CEO of Focus said, "We continue to attract new partner firms and stay committed to investing in the growth of our existing partner firms. This funding provides us with the additional firepower we need to further accelerate our growth in the face of the tremendous opportunity that lies before the RIA industry at this time."

Christopher J. Dean, Managing Director at Summit Partners explains, "We invested initially at the founding of Focus in January 2006. Since then, we have seen Focus and its partner firms grow beyond our expectations -- through both good markets and volatile ones. We are excited to increase our commitment and pleased to welcome Polaris as a co-investor."

About Focus Financial Partners 

Focus Financial Partners, LLC, is the leading international partnership of independent, fiduciary wealth management firms. With over $31 billion in assets and over 600 employees, Focus partners provide wealth management, benefit and investment consulting services to individuals, families, employers, and institutions. Clients benefit from Focus' partners independence, unrivaled access and continuity. Focus principals maintain their entrepreneurial independence; benefit from the synergies, scale, economics and best practices of the market leader; and achieve an eventual, smooth ownership transition. For more information, please visit www.focusfinancialpartners.com.

About Summit Partners 

Summit Partners is a growth equity investor providing private equity and venture capital to rapidly growing companies. Summit seeks outstanding management teams that have built their companies to profitability and market leadership, and provides capital for growth, for recapitalizations and for management buyouts. Founded in 1984, Summit has raised more than $11 billion in capital since inception and invested in more than 300 growing companies across a range of geographies and industries. For more information, please visit www.summitpartners.com.

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