Focus Financial Partners Receives $50 Million in Growth Capital From Polaris Venture Partners and Summit Partners

Investors recognize the Focus model as the clear winner in wealth management

NEW YORK, November 16, 2009-- 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.”

Polaris is a partnership of experienced venture capital investors and operating executives. Polaris is committed to providing growth equity and shareholder liquidity to established companies in a variety of sectors. The firm has over $3 billion under management and current investments in more than 100 companies.

In analyzing companies for its portfolio, the firm considers many factors including industry and demographic trends, the financial track record of the firm, and the strength of the management team. Alan Spoon, General Partner at Polaris Ventures said, “After analyzing the Focus strategy and its individual partner firms in detail, we were convinced that the Focus partnership is delivering precisely what clients are looking for – high quality, independent investment advice and an exceptional client experience – all within an outstanding overall business model.”

Kevin Mohan, 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 Polaris Venture Partners

Polaris Venture Partners is an early stage venture capital firm with two locations in the U.S.: Boston, Massachusetts, and Seattle, Washington. Polaris currently has over $3.0 billion under management with investments in more than 90 diversified information technology and life sciences companies. Through its philosophy of active lead investing and partnering with early and revenue stage companies, the firm’s team of experienced venture investors and technology executives has generated triple-digit returns from investments across its four funds. For more information, please visit www.polarisventures.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.

Contact:
Focus Financial Partners, LLC
Jennifer Geoghegan, 646-576-6586
jgeoghegan@ffpar.com
or
Cognito
Loretta Mock, 646-395-6300
Loretta.Mock@cognitomedia.com

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