NEW YORK–(BUSINESS WIRE)–Rockefeller Capital Management today announced a successful recapitalization at an enterprise valuation of over $6.6 billion, marking a significant milestone in the firm’s growth trajectory and long-term strategic plan. The investor group for this transaction—led by Mousse Partners, Progeny 3, and Abrams Capital—brings together several distinguished families and investors in a business alliance alongside Viking Global Investors and the Rockefeller and Desmarais families. The transaction is anticipated to close by no later than December 31, 2025.
“We are pleased to welcome Mousse Partners, Progeny 3, and Abrams Capital as partners who share our commitment to excellence and our vision for the future,” said Gregory J. Fleming, President & Chief Executive Officer of Rockefeller Capital Management. “Above all, our unwavering focus is on delivering exceptional outcomes and an unparalleled standard of service for our clients, whose trust and achievements inspire and guide every facet of our firm’s mission. The continued support from our existing investors underscores the strength and momentum of our firm as we enter this next phase of growth. This recapitalization represents a significant step forward, fully aligned with Rockefeller Capital Management’s long-term strategic objectives.”
The transaction received material support from Viking Global Investors, the Rockefeller family, and IGM Financial Inc., in which the Desmarais family holds an interest. Rockefeller Capital Management’s leadership team, led by Fleming, remain meaningful shareholders of the firm, underscoring their deep alignment with its long-term success. Viking Global Investors remains the firm’s largest investor, continuing an eight-year partnership that has helped shape the firm’s trajectory.
“Greg and the Rockefeller leadership team have brought our shared vision of building a leading wealth management platform to life. It has been an exciting journey to support them for these past eight years,” said Brian Kaufmann, Head of Private Investments at Viking Global Investors. “We look forward to the next chapter with Rockefeller and this expanded group of like-minded investors.”
“This recapitalization marks an exciting new chapter for Rockefeller Capital Management,” said David Rockefeller Jr., Director of Rockefeller Capital Management and fourth-generation family member. “By welcoming these new partners alongside our existing investors, we are not only strengthening our foundation and expanding our ability to deliver exceptional service but also forging meaningful bonds between the Rockefeller family and these other distinguished families and investors. Together, we look forward to building lasting relationships and pursuing new opportunities for our clients and the firm.”
Rockefeller Capital Management remains steadfast in its strategic focus and operating cadence, fully aligned with its long-term growth plans. This partnership with new and existing families and investors will not impact day-to-day operations of Rockefeller’s businesses – Rockefeller Global Family Office, Rockefeller Asset Management, and Rockefeller Global Investment Banking. The firm continues to build on its legacy of excellence, serving high-net-worth and ultra-high-net-worth individuals, families, institutions, and corporations from offices across the United States and in London. With the support of both longstanding and new investors, Rockefeller is poised to accelerate its mission—delivering sophisticated financial solutions, cultivating enduring relationships, and exploring the expansion of its reach globally.
Legal advisory support for the transaction was provided by a group of leading firms: Wachtell, Lipton, Rosen & Katz advised Rockefeller Capital Management; Cleary Gottlieb advised Viking Global Investors; Sullivan & Cromwell advised the Rockefeller Family Trust; Eversheds Sutherland advised IGM Financial Inc.; Willkie Farr & Gallagher advised both Mousse Partners and Progeny 3; and Ropes & Gray advised Abrams Capital.
Source: Business Wire
