– Rockefeller Capital Management announced a successful recapitalization valuing the firm at over $6.6 billion.
– The transaction marks a major milestone in Rockefeller’s growth and long-term strategic plan.
– The investor group is led by Mousse Partners, Progeny 3, Inc., and Abrams Capital.
– Additional key investors include Viking Global Investors and the Rockefeller and Desmarais families.
– The transaction is expected to close by December 31, 2025.
– CEO Gregory J. Fleming emphasized shared values with new partners and reaffirmed the firm’s commitment to client service and long-term objectives.
– Viking Global Investors, the Rockefeller family, and IGM Financial Inc. (linked to the Desmarais family) provided substantial support for the transaction.
– Rockefeller’s leadership team, including Fleming, remains significant shareholders, demonstrating alignment with the firm’s future.
– Viking Global Investors continues as Rockefeller’s largest investor, extending an eight-year partnership.
– Brian Kaufmann of Viking Global Investors praised Rockefeller’s progress in building a leading wealth management platform.
– David Rockefeller Jr. highlighted the strengthened bonds among distinguished families and investors through this recapitalization.
– The firm’s strategic focus and operations remain unchanged across its divisions: Rockefeller Global Family Office, Rockefeller Asset Management, and
Rockefeller Global Investment Banking.
– Rockefeller continues to serve high-net-worth individuals, families, institutions, and corporations across the U.S. and London.
– The recapitalization is intended to enhance Rockefeller’s ability to deliver sophisticated financial solutions and expand its global reach.
– Legal advisors for the transaction:
Wachtell, Lipton, Rosen & Katz – Rockefeller Capital Management
Cleary Gottlieb – Viking Global Investors
Sullivan & Cromwell – Rockefeller Family Trust
Eversheds Sutherland – IGM Financial Inc.
Willkie Farr & Gallagher – Mousse Partners and Progeny 3
Ropes & Gray – Abrams Capital
