Constellation Wealth Partners with Lido Advisors


February 13, 2024

On January 17, 2024, Lido Advisors announced its partnership with Constellation Wealth Capital.

Lido Advisors (“Lido”) on January 17, 2024 announced its strategic partnership with Constellation Wealth Capital (“CWC”). Under the terms of the transaction, CWC acquired a minority interest in Lido, joining Charlesbank Capital Partners, Lido’s lead investor. Further terms of the deal were not disclosed.

CWC, based in Chicago and led by Managing Partner Karl Heckenberg, is an alternative asset management platform dedicated to the wealth management sector. CWC is minority-backed by Black Owl Capital Investments (NYSE: OWL) (“Black Owl”). As of September 2023, Black Owl had $157 billion in assets under management.

Lido, based in Los Angeles is a full-service, independent registered investment advisor providing wealth management and investment services. As of January 2024, Lido had $19.1 billion in regulatory assets under management.

To read the press release: please click here.

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