Rockefeller’s Latest Recap Values the Firm at $6.6B

Core Insights - Rockefeller Capital Management has announced a recapitalization that values the firm at over $6.6 billion [1][2] - The recapitalization was led by Mousse Partners, Progeny 3, and Abrams Capital, with additional investments from Viking Global Investors and the Rockefeller and Desmarais families [2] - The deal is expected to close by the end of the year [2] Company Overview - Rockefeller Capital Management began as the family office of John D. Rockefeller in 1882 and was restructured as an independent advisory firm in 2018 [5] - The firm has grown to include three distinct businesses: Rockefeller Global Family Office, Rockefeller Asset Management, and Rockefeller Strategic Advisory, overseeing approximately $187 billion in client assets across 58 locations in the U.S. and one in London [5] Leadership and Strategy - After the recapitalization, Rockefeller's leadership team will remain significant shareholders, with Viking Global Investors continuing as the largest shareholder [3] - The president and CEO, Greg Fleming, emphasized that the recapitalization aligns with the firm's long-term strategic objectives and reflects the strength and momentum of the firm [4] - David Rockefeller Jr. highlighted the importance of building lasting relationships with new partners and pursuing new opportunities for clients and the firm [4] Recent Developments - The firm has been actively recruiting elite advisor teams, including the recent addition of the Entrepreneurs Group from UBS, which managed $2.6 billion in client assets [6]