Stifel, which recently bought the US wealth and investment management arm of Barclays, has completed its acquisition of Eaton Partners.

Stifel Financial Corp has completed its acquisition of Eaton Partners, a global fund placement and advisory firm.

“We have made significant investments in our capital raising capabilities, including the acquisitions of Eaton Partners and the Barclays Wealth Advisors. Together, our partnership will leverage Eaton Partners’ extensive relationships with private equity firms, hedge funds, high net worth family offices, and institutional investors across Stifel’s investment banking platform and high net worth private client business,” said Ronald Kruszewski, chairman and CEO of Stifel.

Eaton Partners has over 60 employees across six offices and relationships with over 4,000 active institutional investors. Since the firm's inception in 1983, it has raised over $68 billion for 90 “highly differentiated” funds, of which $25 billion was raised in the past five years, Stifel said.

Eaton Partners’ advisory revenues were approximately $60 million in 2015. Eaton Partners will keep its brand name and will be run as a Stifel company.