Fisher Investments Secures $3 Billion Bolstering from Advent and ADIA
Deal News | Jan 07, 2025 | Paul Hastings
Paul Hastings LLP has advised Fisher Investments on a strategic $3 billion minority investment by Advent International and a subsidiary of the Abu Dhabi Investment Authority. The investment took place on January 6, 2025, with the aim to support Fisher Investments, a global asset management firm managing over $299 billion for 170,000 clients, which include 120,000 private clients from the US and 185 institutional clients globally. The Paul Hastings team was led by partners David Hearth and Joseph Swanson, with support from partner Lucas Rachuba and associate Maggie Chou.
Sectors
- Investment Management
- Finance
- Legal Services
Geography
- United States – Fisher Investments is based in the US and manages a significant number of US private clients.
- United Arab Emirates – Involvement of the Abu Dhabi Investment Authority, a sovereign wealth fund from the UAE.
- Global – The global client base of Fisher Investments and the international nature of the investment deal.
Industry
- Investment Management – Fisher Investments is a key player, managing billions in assets for clients worldwide, highlighting the article's focus on the investment management industry.
- Finance – The involvement of strategic investment by Advent International and ADIA emphasizes the finance industry aspect of the article.
- Legal Services – Paul Hastings' advisory role in this transaction highlights the legal services industry.
Financials
- $3 Billion – The investment amount made by Advent International and ADIA in Fisher Investments.
- $299 Billion – The total assets under management by Fisher Investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fisher Investments | Target | Company | A global asset management firm managing over $299 billion in assets. |
| Advent International | Investor | Company | A private equity firm making a strategic minority investment in Fisher Investments. |
| Abu Dhabi Investment Authority (ADIA) | Investor | Company | A sovereign wealth fund investing through a wholly-owned subsidiary. |
| Paul Hastings LLP | Legal Advisor | Company | Provided legal advisory services to Fisher Investments for the investment deal. |
| Ken Fisher | Founder | Person | The namesake of Fisher Investments. |
| David Hearth | Partner - Investment Funds & Private Capital | Person | Led the legal advisory team from Paul Hastings. |
| Joseph Swanson | Partner - M&A | Person | Led the legal advisory team from Paul Hastings. |