SCS Capital to Acquire Matheys Lane

INVESTMENT MANAGEMENT DEALS BLOG

March 3, 2021

On February 25, 2021, SCS Capital Management LLC announced that it will acquire Matheys Lane Capital Management, L.P.

Under the terms of the transaction, SCS Capital Management LLC (“SCS”), an affiliate of Focus Financial Partners Inc. (“Focus”), will acquire Matheys Lane Capital Management, L.P. (“Matheys”). The transaction, subject to customary closing conditions, is expected to close in the second quarter of 2021. Further terms of the deal were not disclosed.

SCS, based in Boston, Massachusetts, is a wealth and investment management firm that focuses on offering fee-based advice to ultra-high net worth families and institutions. As of November 2020, SCS had approximately $22.2 billion in assets under management.

Focus (NASDAQ: FOCS), based in New York, is a partnership of independent, fiduciary wealth management firms. Focus provides access to best practices, resources, and continuity planning for its partner firms that provide comprehensive wealth management services.

Matheys, based in Providence, Rhode Island, is a registered investment advisor that provides financial planning, investment advisory, and customized wealth management solutions to ultra-high new worth families and family offices. As of the end of 2019, Matheys had $841 million in assets under management and $522 million under advisement.

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