Memphis-based investment firm Wunderlich Securities Inc. is getting up to $40 million in an equity capital investment that will be used to expand several company divisions.
Leading the investment are San Francisco Bay-based Altamont Capital Partners and members of Wunderlich’s management team. The investment will be used largely to expand Wunderlich’s private client wealth management, investment banking and equity and fixed income capital markets divisions.
“A capital commitment from an investor as highly regarded as Altamont truly validates the growth opportunity we see before us,” Wunderlich founder and CEO Gary Wunderlich said in a release.
Wunderlich currently has 29 offices in 16 states with more than 450 professionals. The company made the Inc. 5000 list of fastest-growing companies in each of the past four years.