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Private equity firm LLR Partners has bought investment research provider YCharts. The purchase is tied to a growth recapitalization arrangement  made in partnership with the YCharts management team, the firms said Friday.

“LLR Partners purchased 100% of YCharts,” according to YCharts CEO and President Sean Brown. Financial terms weren’t disclosed.

The YCharts’ platform, data, visualization tools and advanced analytics for equity, mutual fund and exchange-traded fund data and analysis are used by about 6,000 RIAs, broker-dealers and asset managers.

The deal aims to support YCharts’ “continued organic growth through increased investment in product and sales and marketing, and [its ability] to pursue complementary acquisitions,” the companies explained in an announcement.

LPL Financial recently  made the YCharts platform available to its nearly 16,800 affiliated financial advisors through the independent broker-dealer’s Vendor Affinity Program.

Related: Advisors Less Comfortable With Model Portfolios Amid Pandemic: YCharts

“LLR Partners brings to YCharts deep experience within wealth management technology, a collaborative approach and a strategic vision that aligns with our long-term objectives,” according to Brown.

There are now about 300,000 financials advisors in the U.S., and “they are increasingly embracing third-party technologies like YCharts to bring efficiencies and enable digital service delivery,” said LLR Vice President Sam Ryder in a statement.

Previous investors in YCharts include Morningstar, Hyde Park Angels, I2a and REV Venture Partners. Raymond James served as financial advisor and Locke Lord functioned as legal advisor to YCharts in connection with its sale to LLR.

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