Key Takeaways
- • Hightower, the Chicago-based wealth management firm backed by Thomas H. Lee Partners (THL), will acquire investment consultant NEPC, according to PEI Private Equity.
- • The deal extends Hightower's advisory footprint into institutional investment consulting, a segment serving pension plans, endowments and foundations.
- • The source article is a brief and does not disclose deal value, closing timeline or terms.
Summary
Hightower, a Chicago-based wealth management firm backed by Thomas H. Lee Partners (THL), has agreed to acquire NEPC, an investment consulting firm, according to a brief published by PEI Private Equity on October 22, 2024. The report was authored by Iris Dorbian and filed under its deals coverage for North America.
The transaction brings a private-equity-backed wealth manager together with an investment consultant that advises institutional clients on portfolio construction, manager selection and asset allocation. For allocators and alternative-investment professionals, the combination signals continued consolidation among advisory and consulting platforms backed by private equity capital.
The PEI report does not specify the purchase price, the expected closing date or whether the deal is subject to regulatory approvals. Those terms were not available in the primary source, and readers should treat the announcement as preliminary until further details are disclosed.
The transaction brings a private-equity-backed wealth manager together with an investment consultant that advises institutional clients on portfolio construction, manager selection and asset allocation. For allocators and alternative-investment professionals, the combination signals continued consolidation among advisory and consulting platforms backed by private equity capital.
The PEI report does not specify the purchase price, the expected closing date or whether the deal is subject to regulatory approvals. Those terms were not available in the primary source, and readers should treat the announcement as preliminary until further details are disclosed.
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