McKinsey Sells MIO Partners to Neuberger Berman in $26B AUM Deal
Event summary
- Neuberger Berman to acquire McKinsey's MIO Partners, a $26B AUM investment and wealth manager with $20B in alternative strategies.
- Deal concludes McKinsey's 2025 strategic review of MIO's growth over 25 years.
- Neuberger will onboard MIO's investment teams and advisory business serving McKinsey partners.
- Transaction expected to close in 2026, subject to client consent and regulatory approvals.
The big picture
This acquisition underscores the consolidation trend in the wealth and asset management space, as firms seek scale and specialized capabilities. Neuberger's $563B AUM platform gains alternative investment expertise, while McKinsey streamlines its non-core assets. The deal highlights the strategic value of employee-owned, independent investment managers in a competitive market.
What we're watching
- Integration Challenges
- How Neuberger will assimilate MIO's specialized investment strategies into its existing platform.
- Client Retention
- Whether MIO's clients, particularly McKinsey partners, will remain with the firm post-acquisition.
- Regulatory Approvals
- The pace at which regulatory approvals will be secured for the deal's completion.
Related topics