Advent International and a unit of the Abu Dhabi Investment Authority are buying a minority stake in Fisher Investments worth as much as $3 billion, reported John J. Edwards III for Bloomberg.
The investment, which values Fisher at $12.75 billion, is a part of founder Ken Fisher’s estate planning and will let Fisher Investments continue to run independently. Fisher Investments has more than $275 billion in management for more than 150,000 clients.
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