CI Financial Acquires Portola

INVESTMENT MANAGEMENT DEALS BLOG

October 18, 2021

On September 30, 2021, CI Financial Corp. announced that it had acquired Portola Partners Group LLC.

Under the terms of the transaction CI Financial Corp. (“CI”) has acquired Portola Partners Group LLC (“Portola”). Further terms of the agreement were not disclosed.

CI (NYSE: CIXX), based in Toronto, is a registered investment adviser engaged in global asset management and wealth management advisory services. As of June 30, 2021, CI had approximately $320.4 billion in assets under management and advisement.

Portola, based in Menlo Park, California is a registered investment adviser which offers investment advice to ultra-high-net-worth families. It has approximately $5.2 billion in assets under management. Berkshire Global Advisors LP advised Portola on the transaction.

To read the press release: please click here.