Ken Fisher secures $3 billion investment milestone

Fisher Investments, a leading investment firm founded by Ken Fisher, has recently announced a significant milestone in its journey. The company has received a minority investment from Advent International and a subsidiary of the Abu Dhabi Investment Authority, totaling between $2.5 billion to $3 billion. This strategic move has elevated Fisher Investments' total value to an impressive $12.75 billion.

The investment, while substantial, will not disrupt the day-to-day operations or the relationships with clients and employees at Fisher Investments. Ken Fisher, the visionary behind the firm, will continue to serve as the Executive Chairman and Co-Chief Investment Officer, while Damian Ornani steps into the role of CEO.

Ken Fisher's decision to bring in external investors is part of a long-term plan to secure the firm's future and ensure its growth trajectory remains intact under Damian Ornani's leadership. This move underscores Fisher Investments' commitment to maintaining its independence and expanding its global reach.

Implications of the Investment

Fisher Investments currently manages a substantial portfolio of over $275 billion for clients worldwide, spanning across 16 countries and catering to institutional and high net worth individuals. As part of the deal, Ken Fisher will divest some of his personal holdings to Advent and the Abu Dhabi Investment Authority, while retaining more than 70% of the voting shares.

This investment from Advent International marks the first external ownership in Fisher Investments, which was previously held within the family and by employees. The agreement includes granting proportional voting rights to the new investors, with David Mussafer from Advent set to join Fisher Investments' board of directors.

Looking Towards the Future

Ken Fisher has emphasized that this strategic partnership aims to preserve the firm's core values and culture while leveraging the support and expertise of reputable partners. Damian Ornani has expressed enthusiasm about the collaboration, highlighting the potential for growth and a continued focus on delivering exceptional service to clients.

Advent International, a prominent global private equity investor, brings a wealth of experience and resources to fuel Fisher Investments' next phase of expansion. With a focus on diverse sectors such as business services, healthcare, and technology, Advent is well-positioned to support Fisher Investments in achieving its strategic objectives.

In Conclusion

Established in 1979, Fisher Investments stands as a beacon of independence and expertise in the financial world. With Ken Fisher at the helm and a new chapter unfolding with Advent International and the Abu Dhabi Investment Authority, the firm is poised for continued success and innovation in the ever-evolving landscape of investment management.