News
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Why $70bn Mercer sold a stake to Singapore's sovereign wealth fund
$70bn Mercer Advisors' efforts to create an alternative investing platform — detailed in June 2024 — drew Singapore's sovereign wealth fund GIC into the firm's cap table.
Jan 13, 2025
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Abu Dhabi-affiliated Mubadala Capital to take CI Financial private
Mubadala Capital, an asset management subsidiary of the Abu Dhabi sovereign wealth fund, agreed to take Canadian wealth giant CI Financial private.
Nov 25, 2024
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Neuberger Berman takes minority stake in $245bn Mariner Wealth Advisors
Asset manager Neuberger Berman made a minority investment in mega-RIA Mariner Wealth Advisors, deepening ties between traditional asset management and the independent wealth channel.
Oct 29, 2024
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Hightower agrees to buy majority stake in $1.7tn investment consultancy NEPC
Hightower acquired a majority stake in NEPC, an institutional investment consultancy advising on roughly $1.7tn in assets.
Oct 21, 2024
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PE-backed Lido Advisors agrees to merge in $3bn Pegasus Partners
Lido Advisors, with over $24bn AUM, agreed to merge in Pegasus Partners, a $3bn RIA — extending Lido's run of bolt-on acquisitions.
Oct 21, 2024
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TPG takes minority stake in Creative Planning; firm reportedly valued at $15 billion
San Francisco private-equity firm TPG took a minority stake in Overland Park, Kansas-based RIA Creative Planning at a reported $15bn valuation.
Sep 29, 2024
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Cerity Partners merges with VC firm Touchdown
NYC-based independent wealth management firm Cerity Partners merged with Touchdown Ventures, adding venture capital capabilities to its platform.
Sep 19, 2024
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EP Wealth buys Atlanta RIA with $1.1B AUM
EP Wealth Advisors acquired CornerCap Investment Counsel LLC, an Atlanta firm with $1.1 billion in client assets.
Sep 17, 2024