MAI Capital Management, a registered investment adviser (RIA) focused on empowering clients to simplify, protect and grow their wealth, has announced that it has signed an agreement for funds managed by global investment firm Carlyle to acquire a majority stake in the company, valuing it at more than $2.8 billion. Carlyle initially invested in MAI in 2021 through its investment in Galway Holdings, which acquired MAI that year, and will become the majority owner upon closing, with Galway Holdings, funds managed by Harvest Partners and Oak Hill Capital exiting their positions. MAI employees will continue to hold a large minority equity ownership.
As majority owner, Carlyle will provide MAI with the resources to continue investing significantly in its people, capabilities and client experience. Carlyle will support MAI in expanding its services, while maintaining the firm’s leadership, culture, operational independence, and the continuity advisors and clients have come to expe
