Silvercrest Asset Management Group, an ultra high net worth individual-focused investment company with $11 billion in AUM, filed on Friday with the SEC to raise up to $60 million in an initial public offering. Silvercrest Asset Management Group initially filed in September 2012, set terms for a $55 million IPO in October, and withdrew in November.
The New York, NY-based company, which was founded in 2002 and booked $52 million in revenue for the 12 months ended 12/31/2012, plans to list on the NASDAQ under the symbol SAMG. Sandler O'Neill and Raymond James are the joint bookrunners on the deal. No pricing terms were disclosed.
