Fisher Sells Stake Worth $3 Billion to Advent and Abu Dhabi Fund

Ken Fisher’s Fisher Investments recently made headlines as private equity firm Advent International and a unit of the Abu Dhabi Investment Authority acquired a minority stake in the firm for up to $3 billion. This strategic investment values Fisher Investments at $12.75 billion and is part of Ken Fisher’s estate planning to ensure the firm’s long-term private independence and culture.

This move comes as Fisher Investments continues to grow, overseeing $275 billion for over 150,000 clients, including individuals and institutions. Ken Fisher, who founded the firm in 1979, made the decision to bring in these investors to secure the future of Fisher Investments should anything happen to him, despite his current excellent health.

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Advent International, known for its investments in financial services companies such as Worldpay and Vantiv, has been making private equity bets since 1989. The Abu Dhabi Investment Authority, a sovereign wealth fund, also saw potential in Fisher Investments and its long-term value investment strategy. These two entities saw an opportunity to support the growth and independence of Fisher Investments while benefiting from the firm’s continued success.

This strategic investment not only provides financial stability and growth opportunities for Fisher Investments but also aligns with the vision and values of all parties involved. As Fisher Investments continues to operate independently, clients can be assured that the firm’s commitment to long-term value investing and exceptional service will remain unchanged.

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This recent development showcases the continued interest and confidence in Fisher Investments as a leading money management firm, solidifying its position in the market and setting the stage for future growth and success. Stay tuned for more updates on how this partnership will shape the future of Fisher Investments and the financial industry as a whole.