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Berkshire Global Advisors acted as financial advisor to Stanhope Capital Group
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  • Berkshire Global Advisors acted as financial advisor to Stanhope Capital Group

  • Date: November 2020
  • Sector: Wealth Management
  • Region: EMEA | North America
  • Seller AUM: $11.2 Billion
  • Seller Details:
    Founded by Keith Bloomfield and initially structured around members of the Forbes family, Forbes Family Trust opened its door to external clients in 2009. FWM Holdings – owner of FFT, LGL Partners and Optima Fund Management – currently oversees USD 11.2 billion primarily for U.S. clients from offices in New York City, Philadelphia and Palm Beach. In addition to its wealth management activities, the firm, which employs 50 people, is a recognized leader in alternative assets having acquired New York based hedge fund specialist Optima in 2019.

    Buyer Details:
    Founded in 2004 by Daniel Pinto, Stanhope Capital Group is a global investment firm overseeing approximately USD 13 billion for private clients, endowments, charities and other institutions across the world. The firm which employs 85 people from its offices in London, Geneva and Paris is active in wealth management, investment consulting, private investments and merchant banking

    Transaction Summary:
    The transaction creates one of the world’s largest independent wealth management and advisory firms, overseeing USD 24.2 billion in client assets with 135 employees operating in six offices worldwide. The combined company will have an expanded geographic footprint across the U.S. and Europe, with a greatly enhanced global investment team leveraging its capabilities across multiple asset classes, including listed equities and alternatives (private equity, real estate and hedge funds). Upon closing of the transaction, Stanhope Capital and FWM will operate as a single company for all intents and purposes, particularly in the area of investment research and strategy, but they will retain their respective names under the Stanhope Capital Group umbrella.