Home UAE Abu Dhabi Advent and ADIA unit to acquire minority stake in Fisher Investments The money-management firm oversees $275bn for more than 150,000 clients including individuals and institutions by Reuters June 19, 2024 Image credit: Smith Collection/ Getty Images Fisher Investments on Sunday said US-based private equity firm Advent International and a unit of the Abu Dhabi Investment Authority (ADIA) have agreed to acquire a minority stake in the money-management firm valuing it at $12.8bn. Fisher Investments said the investment will be in the range of $2.5bn to $3bn. Ken Fisher will remain as the executive chairman and co-chief investment officer, and Damian Ornani will continue to be the CEO of Fisher Investments following the closure of the deal, expected later this year, the statement said. The Wall Street Journal first reported the deal on Sunday. Fisher Investments and Advent International had denied deal talks earlier this year. Fisher Investments, founded by billionaire Ken Fisher, manages money for individuals and institutional investors. As of March 31, the firm had over $265bn of assets under management, according to its website. Read: Abu Dhabi’s ADIA invests in private credit fund Cheyne Capital Tags Abu Dhabi ADIA Advent International Fisher Investments You might also like Abu Dhabi’s ADNOC L&S expands LNG carrier fleet with $2.5bn investment GCC state investors dominate sovereign-backed investments, GlobalSWF says SpaceX to launch Yahsat’s Al Yah 4 and 5 satellites What you need to know about Abu Dhabi’s social media influencer licence