McKinsey and Company and Neuberger Berman Group jointly announce that they have entered into an agreement for MIO to join Neuberger. MIO is a global investment and wealth manager serving McKinsey’s partners, employees, and alumni that has $26 billion in assets under management, including approximately $20 billion in alternative investment strategies. The agreement concludes a strategic review, launched by McKinsey in early 2025, prompted by MIO’s significant growth and expansion throughout the past 25 years.
Neuberger will onboard MIO’s investment teams that manage alternative investment strategies and its advisory business that serves McKinsey partners, as well as the associated supporting functions. The agreement is expected to close in 2026 and is subject to customary closing conditions, including client consent and regulatory approvals.
MIO manages several distinctive investment strategies, notably its flagship special situations strategy, which employs an al
