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Beacon Pointe Gets KKR Investment

Beacon Pointe LLC said Wall Street powerhouse KKR & Co. is making a 50% investment to help the Newport Beach wealth manager continue its rapid expansion.

The Beacon Pointe team will own the other 50% of the company going forward. Abry Partners, which invested in Beacon Pointe in March, 2020, will exit its minority stake as a result of the KKR transaction.

“With the support of KKR’s deep experience and resources, Beacon Pointe will have the opportunity to further invest in the business and continue to expand our footprint across the nation,” co-founder and chief executive Shannon Eusey said in a statement.

Founded in 2002, Beacon Pointe is one of the largest independent registered investment advisory (RIA) firms in the nation with over $20 billion in assets under management. KKR (NYSE: KKR) is a Wall Street investment firm valued at $45 billion and with $429 billion in assets under management.

(For more details, see the Nov. 22 print edition of the Orange County Business Journal.)

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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