Press Release May 16, 2023

Pathstone Acquires Brainard Capital Management and Receives New Private Equity Investments

Alston & Bird represented Pathstone, a New Jersey–based wealth management advisor, in its acquisition of Brainard Capital Management, an independent advisory boutique located in Austin, Texas, as well as in its new strategic private equity investment from Kelso & Company and its additional private equity investment from Lovell Minnick Partners (LMP).

These nearly simultaneous deal closings represent the two most recent collaborations between Alston & Bird and Pathstone in 2023. The firm has advised on seven acquisitions since 2020 and a prior investment by LMP in 2019.

Representing Pathstone is an Alston & Bird team led by partners Chris Frieden, Ian Calhoun, David Baum, Tim Selby and associates Caroline Dailey, Nathan Tyre, Jack Stephens, MaryKate Kustas, and Mustafa Almusawi (Financial Services & Products); partner Jordan Myers and senior associate Lindsey Arthur (Finance); partner Brian Harvel (Federal & International Tax); partner Daniel Felz and associate Sara Pullen Guercio (Privacy, Cyber & Data Strategy); partner Blake MacKay (Compensation, Benefits & ERISA Litigation); partner Brett Coburn (Labor & Employment); partner Adam Biegel and associate Trenton Hafley (Antitrust); and associates Brittany Raway and Alexander Krause (Corporate & Business Transactions).

Media Contact
Alex Wolfe
Communications Director

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