Cerity Partners to Merge With Investment Consultant Verus
The combined firm would manage and advise on $1.3 trillion in assets.
Corporate Moves
Neuberger Berman to Acquire McKinsey’s Wealth and Asset Management Unit
MIO Partners will be integrated into Neuberger following SEC scrutiny of McKinsey’s nonpublic information controls.
ISS MI Acquires Family Office Data Platform
Family Office Access brings private wealth management data to ISS MI’s platform.
Meiji Yasuda Expands US PRT Business With Banner Life Acquisition
The previous insurance arm of Legal & General Group PLC was purchased by the Japanese insurer for $2.3 billion.
CVC to Acquire Marathon Asset Management
The $24 billion credit manager will continue to be led by its current leadership.
Venn by Two Sigma to Be Sold to Insight Partners
The portfolio analysis tool will merge with Solovis.
Cerity Partners Finalizes Deal With Austin Private Wealth
The OCIO provider will add $1.4 billion in assets in retirement channels.
MetLife Completes PineBridge Acquisition
The combined business manages about $735 billion in assets.
Janus Henderson to Be Acquired by Trian, General Catalyst for $7.4B
The transaction’s strategic investors include the Qatar Investment Authority, Sun Hung Kai & Co. Ltd. and MassMutual.
ISS STOXX to Acquire Sustainability Indexes, Data Provider ECPI
The Italy-based company provides institutional investors with sustainable investment solutions.
Gulf Sovereign Funds Join Paramount Bid for Warner Bros.
Investors from Saudi Arabia, Qatar and the United Arab Emirates will join Affinity Partners in the Ellison family’s bid to wrest the media company away from Netflix.
Apollo Acquires Stake in Welsh Soccer Club Wrexham
Actors Ryan Reynolds and Rob McElhenney will sell a minority stake in the team—popularized by a television show—to the alts manager’s sports platform.
Norges Bank Topped GPIF to Become Largest Institutional Investor
During a strong 2024 for sovereign wealth funds, Norway’s Government Pension Fund Global surpassed Japan’s Government Pension Fund as the world’s largest.
WTW to Acquire Secondaries Manager FlowStone
The acquisition, set to close in early 2026, aims to enhance WTW’s private markets capabilities for institutional and wealth investors.
Goldman Sachs to Acquire ETF Provider Innovator Capital Management
GSAM will add $28 billion in exchange-traded-fund assets to its platform.