Advent and ADIA to Acquire Minority Stake in Fisher Investments


June 26, 2024

Fisher Investments (“Fisher”) announced on June 16, 2024, that it had agreed to sell a minority stake to Advent International, L.P. (“Advent”) and the Abu Dhabi Investment Authority (“ADIA”). Advent and ADIA will invest between $2.5 billion and $3 billion into Fisher. Further terms of the transaction were not disclosed.

Fisher, based in Plano, Texas, is a registered investment advisor offering financial planning, annuity, portfolio management, and advisory services. As of March 2024, Fisher had roughly $235 billion in assets under management.

Advent, based in Boston, Massachusetts, is a private equity firm that invests in financial services, healthcare, industrial, retail, and consumer sectors, while also offering its customers investment advisory, wealth management, due diligence, and evaluation services. As of December 31, 2023, Advent had $94 billion in assets under management.

ADIA, based in Abu Dhabi, United Arab Emirates, is a sovereign wealth fund investing funds for the Government of Abu Dhabi across a range of asset classes. As of September 2023, ADIA had an estimated $993 billion under management.

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