Dynasty Financial Partners closes $110M growth equity fund
What's the deal? Dynasty Financial PartnersDealroom has a profile for this one. Try Dealroom → has closed over $200 million in private markets funds since November 2025, including its Dynasty Growth Equity & Coinvest I fund. The growth private equity fund closed at $110 million, beating its $100 million target, the St. Petersburg, Florida firm said on August 18.
The details: Fundraising began at the end of 2025 and wrapped in June 2026. The fund invests in high-growth private companies aiming to disrupt public-market incumbents.
The NOBULL bet: Dynasty also closed a co-investment in NOBULL, the footwear and training brand majority owned by billionaire Mike Repole and backed by Tom Brady, at a $1 billion valuation. It invested through an SPV alongside Driven CapitalDealroom has a profile for this one. Try Dealroom →, Repole's family office, taking roughly 3% of the company.
Why now? Dynasty's pitch leans on a shift in where value is created. "As companies are staying private for longer and meaningful value creation has shifted from public markets to private markets, the thesis to invest in these potentially disruptive, high-growth private companies has played out well," said Karim Simplis, director of private markets.
He argued the network's scale is the edge: it "lets us deliver opportunities such as NOBULL that individual firms typically don't even hear about." Repole, who has known Penney for over 20 years, said the Dynasty Network brings "long-term, like-minded partners who understand how durable brands are built."
What's next? As of August 2026, Dynasty is targeting its next opportunistic private fund. Over time it expects to offer a basket of private market opportunities each year in both fund and direct formats, letting advisers allocate broadly or pick individual deals.
The signal: Dynasty's raise reflects a broader push to widen access to private markets beyond the largest institutions. As firms stay private longer, wealth platforms are racing to package the deals — sports, brands, and pre-IPO tech — that once sat out of reach for independent advisers.
Image credit: CityofStPete
Read more: AP News
