SkyKnight Capital, L.P., a renowned private equity firm known for its strategic partnerships with founder-led businesses, has announced a significant initial investment in New Republic Partners. This investment marks a pivotal moment for New Republic Partners, a forward-thinking financial services firm that specializes in delivering cutting-edge investment, wealth advisory, and credit solutions. Their target clientele includes affluent families, endowments, foundations, and advisors catering to accredited investors.
Headquartered in Charlotte, North Carolina, New Republic Partners was established in 2021 with a clear mission: to revolutionize wealth management by offering clients access to sophisticated strategies and investment opportunities traditionally reserved for large institutional investors. The firm is spearheaded by a highly experienced leadership team and benefits from the backing of prominent families like Belk-Pilon and Springs-Close-Bowles, who are not only founding clients but also shareholders, demonstrating a strong alignment of interests. New Republic Partners is uniquely positioned to provide clients with the comprehensive capabilities, exclusive investment access, advanced technology, and extensive resources typically associated with a complex family office.
SkyKnight’s growth-focused investment, finalized at the close of 2021, capitalizes on the impressive early success and rapid growth of New Republic Partners. The firm’s client-centric approach and innovative service offerings have resonated strongly with the market, enabling them to surpass initial growth projections and accumulate over $1.5 billion in client assets to date. This infusion of capital from SkyKnight will further solidify New Republic Partners’ foundation, empowering them to strategically invest in top-tier talent and broaden their market presence. This strategic move is geared towards realizing their long-term vision of becoming a leading, independent platform in investment management and wealth advisory, consistently delivering exceptional results for their clients.
Tom Hoops, the Chief Executive Officer of New Republic Partners, brings three decades of experience in the global investment management industry to the firm. He commented on the partnership, stating, “New Republic Partners is thrilled to collaborate with SkyKnight to accelerate our growth trajectory and enhance our capacity to provide clients with holistic advice and access to institutional-grade investment opportunities. Our firm was founded on the conviction that future financial success demands novel, innovative solutions, including access to private market and alternative asset classes, moving beyond conventional 60-40 portfolios. SkyKnight shares this vision, and we are confident that their expertise in business building, extensive network, and shared core values will be instrumental in our continued success and client satisfaction for years to come.”
Ralph Strayhorn, Chairman of New Republic Partners, emphasized the crucial role of comprehensive financial strategies, noting, “Creative lending solutions are integral to a well-rounded wealth management strategy. Lending is a cornerstone of our distinctive business model. This strategic investment, combined with our ongoing collaboration with New Republic Bank, empowers us to expand our market reach with bespoke products and solutions. These offerings are designed to unlock crucial strategies for high-net-worth individuals, sophisticated family-office investors, and their privately held businesses.”
Claude Burton, Partner at SkyKnight, articulated his firm’s perspective on the investment: “New Republic Partners is a truly innovative investment and wealth management platform designed to empower entrepreneurs, executives, and families to adopt the sophisticated investment strategies of a multi-billion-dollar family office. We believe that the synergy of a highly experienced team, strong alignment with the families who invested in New Republic Partners, and an unwavering commitment to fiduciary standards will enable the team to deliver a client offering that sets a new industry benchmark. SkyKnight is excited to serve as a value-added partner, particularly as we collaborate to enhance their leading alternative asset and private equity programs and expand their comprehensive suite of wealth management solutions for clients.”
New Republic Partners received advisory services from Troutman Pepper Hamilton Sanders LLP and Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, while SkyKnight was advised by Holland & Knight LLP, Cadwalader, Wickersham & Taft LLP, and Kroll LLC in this transaction.
About New Republic Partners
New Republic Partners is a pioneering investment management and wealth advisory firm committed to serving successful individuals and families, endowments, foundations, and advisors serving accredited investors. Clients benefit from access to investment opportunities typically reserved for large institutions, coupled with the deep expertise and extensive experience of their seasoned investment management, wealth advisory, and credit solutions team. The firm is headquartered in Charlotte, North Carolina. For more information, please visit www.newrepublicpartners.com.
About SkyKnight Capital
Founded in 2015, SkyKnight Capital manages over $2 billion in private equity capital on behalf of leading institutional family offices, foundations, endowments, and pensions. SkyKnight focuses on long-term investments in high-quality businesses within acyclical growth sectors, partnering with exceptional management teams. SkyKnight’s objective is to build industry-defining businesses in financial services, healthcare, and tech-enabled services. Further details can be found at www.skyknightcapital.com.
