Ex-KKR Capitalists Reach the RIA Gate with $30-Million Stake in United Capital

Reversing itself on raising capital from external sources, United Capital Financial Advisers LLCwrapped up an 18-month search for about $6 million of capital by bringing aboard $38 million of capital.

The Newport Beach, Calif.-based roll-up-morphing-to-wealth-manager sold a 14% stake to Greenwich, Conn.- and Palo Alto, Calif.-based SageView Capital LP — a group founded by ex-KKR higher-ups — for $30 million and raised an additional $8 million from Bessemer Venture Partners and Grail Partners LLC.

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