Sources: Summit Partners Pursuing Sale of Stake in $20B RWA Wealth Partners

Core Insights - Summit Partners is seeking to sell its stake in RWA Wealth Partners, a registered investment advisor valued at $19.7 billion [1] - The firm has engaged Raymond James to assist in exploring an exit strategy, discussing potential sales with other private equity firms and strategic buyers [2] Group 1: Company Background - Summit Partners is a Boston-based investment firm that focuses on growth investments across various sectors, including financial services, technology, healthcare, and consumer services [4] - RWA Wealth Partners was formed through the merger of Adviser Investments and Ropes Wealth Advisors, with the rebranding occurring after Adviser Investments acquired Ropes Wealth Advisors in 2023 [2][6] Group 2: Recent Activities - RWA Wealth made its first acquisition post-merger in August, targeting a San Francisco-based registered investment advisor [6] - The firm operates in multiple states, including Massachusetts, California, Florida, Michigan, and Illinois, and has divisions for private wealth and family office services [6] Group 3: Market Context - 2025 has seen increased activity among private equity firms exiting investments made during 2019 and early 2020s, with notable transactions including Onex Partners' sale of its stake in OneDigital and Aquiline Partners' exit from SageView Advisory Group [5]