The asset management industry in the US is vital for economic growth, managing trillions in assets. It features banks, investment firms, boutique management companies, and pension funds, offering services that range from portfolio management to retirement planning. The landscape is moving towards technology-driven solutions, with increasing integration of fintech innovations that streamline operations and enhance client experience. This evolution caters to a wide clientele, from individuals to large institutions. Additionally, regulatory changes and a rising awareness of environmental, social, and governance (ESG) factors are reshaping investment strategies, highlighting a shift toward responsible investing and sustainability in asset management.

This compilation features prominent investors in the US asset management sector. The list includes corporate and private equity firms, venture capitalists, and legal advisors, headquartered across key cities like Chicago and New York. Founded anywhere between 1812 and 2023, these investors boast headcounts ranging from small teams to thousands of employees. Their activities are robust, with a total of 493 deals recorded in 2024 alone. This reflects their active engagement in shaping the investment landscape, emphasizing diverse strategies and innovative approaches across the asset management spectrum.

Top 14 Asset Management Investors in the US

1. HUB International

• Website: hubinternational.com
• Type: Corporate
• Headquarters: Chicago, Illinois, United States (USA)
• Founded year: 1998
• Headcount: 10001+
• Number of deals in 2024: 37
• LinkedIn: hub-international

HUB International Limited is a corporate investor based in Chicago, Illinois, founded in 1998. As a leading insurance brokerage, HUB provides a comprehensive range of insurance and risk management services to businesses, organizations, and individuals. Their offerings include business insurance, employee benefits, retirement services, and personal insurance, aimed at helping clients manage risks and protect their assets across various industries. In recent years, HUB has actively expanded its portfolio through strategic acquisitions, including IAS Associates, Cranbrook Bloomfield Insurance Agency LLC, Millennium Advisory Services, and Raffa Financial Services. Notably, their acquisition of IBG Financial Partners, a retirement plan consulting firm managing approximately $1.6 billion in assets, highlights their commitment to enhancing their asset management and wealth management services, making them a significant player in the asset management sector.

2. AssuredPartners

• Website: assuredpartners.com
• Type: Corporate
• Headquarters: Orlando, Florida, United States (USA)
• Founded year: 2011
• Headcount: 10001+
• Number of deals in 2024: 7
• LinkedIn: assuredpartners

AssuredPartners is an insurance brokerage and risk management consulting firm based in Orlando, Florida, founded in 2011. With over 10,000 employees, the company provides a wide range of services including business insurance, employee benefits, and risk management solutions tailored to various industries. In addition to their core offerings, AssuredPartners has actively expanded into the asset management space through strategic acquisitions. Notably, they acquired Medallion Wealth Management in December 2021, enhancing their wealth management services. Other significant transactions include the acquisition of TJS Financial Services in February 2021, which bolstered their retirement plan services and wealth management capabilities, and Goodworks Financial Group in March 2019. These acquisitions reflect AssuredPartners' commitment to diversifying their service offerings and establishing a stronger presence in the asset management sector.

3. Blackstone

• Website: blackstone.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1985
• Headcount: 1001-5000
• Number of deals in 2024: 57
• LinkedIn: blackstonegroup

Blackstone Inc. is a leading investment management firm based in New York, specializing in alternative investments. Founded in 1985, Blackstone has grown to manage a diverse range of assets across various sectors. The firm offers services in private equity, real estate, and credit solutions to both institutional and individual investors. Notably, Blackstone's GSO Capital Partners acquired Harbourmaster Capital, enhancing its position as a major player in the leveraged loan market with approximately EUR11.5 billion in assets under management. Additionally, Blackstone's acquisition of an 80% stake in La Trobe Financial, which manages over AUD 13 billion in investment mandates, further solidifies its commitment to the asset management industry. Other significant transactions include the acquisitions of Intertrust and Lombard International Assurance, which contribute to Blackstone's extensive portfolio and investment strategies aimed at delivering lasting value.

4. Goldman Sachs

• Website: goldmansachs.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1998
• Headcount: 10001+
• Number of deals in 2024: 59
• LinkedIn: goldman-sachs

Goldman Sachs is an investment bank and financial services firm founded in 1998, headquartered in New York, New York, USA. With a workforce of over 10,000 employees, Goldman Sachs offers a diverse array of services, including investment banking, asset management, and wealth management. The firm serves a wide range of clients, including corporations, financial institutions, and individuals, helping them navigate complex financial challenges and achieve their financial goals. In recent years, Goldman Sachs has been involved in significant transactions relevant to the asset management sector, such as providing over $1.1 billion in funding to Apex Group, a financial services provider, through Holdco PIK Notes. This funding is aimed at supporting Apex's growth plans. Additionally, Goldman Sachs participated in funding rounds for Cadre, a real estate investment platform, contributing to their Series B and Series C rounds, which were focused on expansion and technological development. These activities highlight Goldman Sachs' active role in the asset management industry.

5. IFC - International Finance Corporation

• Website: ifc.org
• Type: Venture Capital
• Headquarters: Washington, D.C., District Of Columbia, United States (USA)
• Founded year: 1956
• Headcount: 1001-5000
• Number of deals in 2024: 107
• LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, headquartered in Washington, D.C. It focuses on private sector development in emerging markets by providing investment, advisory, and asset management services. IFC operates in over 100 countries, addressing poverty and promoting sustainable development. In 2024, IFC was involved in significant transactions such as Promigas, which raised $82,111,709 in post-IPO debt, and FirstRand Limited, which raised $250,000,000 in post-IPO debt in May 2024 and $150,000,000 in October 2023. Additionally, IFC participated in a funding round for Absa Group, raising $250,000,000, and supported Lion's Head with $162,576,072 in debt financing. These transactions highlight IFC's active role in managing investments and providing capital to foster economic growth, reinforcing its relevance in the asset management sector.

6. Deep Tech Fund (an Alumni Ventures Fund)

• Website: av.vc
• Type: Venture Capital
• Headquarters: Manchester, New Hampshire, United States (USA)
• Founded year: 2023
• Headcount: 51-200
• Number of deals in 2024: 258
• LinkedIn: deep-tech-fund-av-focused-fund

The Deep Tech Fund, part of Alumni Ventures, is a venture capital firm founded in 2023, located in Manchester, New Hampshire. It specializes in providing accredited investors and institutions with access to professionally-managed, diversified venture portfolios. With a robust network of over 10,000 investors, the firm focuses on connecting them with high-quality investment opportunities in the startup ecosystem. Notably, the fund has been involved in significant transactions, including multiple funding rounds for BlockFi, a prominent player in the financial technology space, raising substantial amounts such as $500 million in Series E and $50 million in Series C. Additionally, the fund participated in earlier rounds for BlockFi, showcasing its commitment to supporting innovative financial solutions. The fund's involvement in Vestmark, which raised $37 million in a private equity round, further emphasizes its engagement in sectors relevant to asset management.

7. Dcg

• Website: dcg.co
• Type: Venture Capital
• Headquarters: Stamford, Connecticut, United States (USA)
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 19
• LinkedIn: digital-currency-group

Digital Currency Group (DCG) is an investment firm founded in 2015 and based in Stamford, Connecticut. The firm specializes in blockchain and cryptocurrency investments, providing a range of services that include equity and fund investments, crypto asset management, and institutional financial services. DCG has been involved in several notable transactions, such as leading a $100 million Series E funding round for eToro, a prominent trading platform, which highlights its engagement in significant financial activities. Additionally, DCG participated in the funding rounds for Abra, a company that is innovating in the way people use cash and smartphones for global transactions, showcasing its interest in companies that are transforming financial services. More recently, DCG invested in AlloyX, a DeFi protocol that is building a blended investment vault, further emphasizing its role in the asset management space within the cryptocurrency sector. Through these activities, DCG supports businesses and individuals in navigating the digital asset landscape, facilitating access to capital and investment opportunities.

8. Kirkland & Ellis

• Website: kirkland.com
• Type: Private Equity
• Headquarters: Chicago, Illinois, United States (USA)
• Founded year: 1909
• Headcount: 5001-10000
• Number of deals in 2024: 49
• LinkedIn: kirkland-%26-ellis-llp

Kirkland & Ellis LLP is a prominent law firm based in Chicago, Illinois, founded in 1909. The firm specializes in a wide range of legal services, including intellectual property, litigation, restructuring, and transactional law. They serve a diverse clientele, including Fortune 100 companies and growth-stage businesses, helping them navigate complex legal challenges across various industries. Notably, Kirkland & Ellis has been involved in several significant transactions in the asset management sector, such as the acquisition of Epoch Investment Partners by TD Bank Group, which aimed to enhance TD's North American Wealth business. They also played a role in the acquisition of Hermes IM by Federated Hermes, further demonstrating their influence in the asset management space. Their expertise in handling complex transactions positions them as a key player in the legal aspects of asset management, despite not being an asset manager themselves.

9. Kkr

• Website: kkr.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1976
• Headcount: 1001-5000
• Number of deals in 2024: 74
• LinkedIn: kkr

KKR & Co. Inc. is a leading investment firm based in New York, specializing in private equity, credit, infrastructure, and real estate. Founded in 1976, KKR has established itself as a global player in the investment landscape, providing comprehensive asset management solutions to both institutional investors and individual clients. In 2024, KKR announced its acquisition of the wealth management and corporate trust units of Australian fund manager Perpetual Ltd. for A$2.175 billion, marking a significant expansion into the asset management space. This acquisition underscores KKR's commitment to enhancing its asset management offerings and navigating complex investment landscapes to achieve strong financial returns for its clients. KKR's extensive expertise and resources enable them to support diverse investment needs, further solidifying their position in the asset management industry.

10. Citi

• Website: citigroup.com
• Type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Founded year: 1812
• Headcount: 10001+
• Number of deals in 2024: 107
• LinkedIn: citi

Citigroup Inc. is a financial services company based in New York, providing a wide range of banking and investment services to individuals and businesses. Founded in 1812, Citi operates in various sectors, including commercial banking, investment banking, and notably, wealth management. The firm has made strategic acquisitions to bolster its asset management capabilities, such as the acquisition of Quilter Cheviot in 2006, which expanded its investment services. In 2000, Citi acquired Geneva Group Inc., a broker for small and mid-size company sales, integrating it into its Salomon Smith Barney division to enhance services for wealthy clients. More recently, Citi has been active in funding innovative fintech companies like FundGuard, which raised $40 million in a Series B funding round led by Citi, indicating its commitment to advancing asset management solutions. These transactions highlight Citi's significant role in the asset management industry.

11. Pantera Capital

• Website: panteracapital.com
• Type: Venture Capital
• Headquarters: Menlo Park, California, United States (USA)
• Founded year: 2003
• Headcount: 51-200
• Number of deals in 2024: 23
• LinkedIn: pantera-capital

Pantera Capital is an investment firm founded in 2003, based in Menlo Park, California, specializing in blockchain technology and digital assets. The firm offers a range of investment funds aimed at accredited investors, including venture equity and liquid tokens, designed to help clients navigate the complexities of the blockchain market. Notably, Pantera Capital has been involved in several significant transactions, such as leading multiple funding rounds for Amber Group, which raised $200 million in Series B funding in February 2022 and $100 million in Series B funding in June 2021. They also participated in earlier funding rounds for Amber Group, including a $28 million Series A in February 2020. Additionally, they were involved in the seed funding for Polychain Capital, which focuses on cryptocurrency investments. These transactions highlight Pantera's active role in the asset management landscape, particularly within the rapidly evolving digital asset sector.

12. Tiger Global

• Website: tigerglobal.com
• Type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Founded year: 2001
• Headcount: 51-200
• Number of deals in 2024: 25
• LinkedIn: tiger-global-management

Tiger Global Management, LLC is an investment firm based in New York, specializing in public and private equity investments. Founded in 2001, the firm manages approximately $50 billion and focuses on innovative companies leveraging technology. Its clientele includes institutional investors and high-net-worth individuals seeking expert investment management and advisory services. Notably, Tiger Global has been involved in significant transactions within the asset management context, such as leading a $75 million financing round for Wealthfront, a company that optimizes and automates financial services, which has doubled its assets under management to over $9 billion. Additionally, their investment in Upstox, a rapidly growing retail broking firm, further emphasizes their engagement in the financial services sector, showcasing their commitment to enhancing technology-driven investment solutions.

13. Morgan Stanley

• Website: morganstanley.com
• Type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Founded year: 1986
• Headcount: 10001+
• Number of deals in 2024: 79
• LinkedIn: morgan-stanley

Morgan Stanley is an investment bank and financial services firm founded in 1986, headquartered in New York, New York. With a workforce of over 10,000 employees, the firm offers a comprehensive range of services including wealth management, investment banking, and capital markets. Morgan Stanley serves a diverse clientele, including individuals, families, corporations, and governments, helping them manage and grow their financial assets. Notably, Morgan Stanley has made significant strides in the asset management space, highlighted by its acquisition of Eaton Vance Management for $7 billion, which aimed to enhance its asset management group. Additionally, the firm acquired E*TRADE for $13 billion, further solidifying its position in the financial services industry. Morgan Stanley has also invested in companies like Tikehau Capital and Luma Financial Technologies, showcasing its commitment to expanding its asset management capabilities and leveraging technology in the financial sector.

14. Silicon Valley Bank

• Website: svb.com
• Type: Venture Capital
• Headquarters: Santa Clara, California, United States (USA)
• Founded year: 1983
• Headcount: 5001-10000
• Number of deals in 2024: 31
• LinkedIn: silicon-valley-bank

Silicon Valley Bank (SVB) is a commercial bank founded in 1983, located in Santa Clara, California, that specializes in providing financial services to the innovation economy, particularly tech startups and venture capital firms. SVB offers a range of products including business banking, global payments, and asset management, helping clients navigate financial challenges and support their growth. Notably, SVB has been involved in significant transactions that highlight its role in asset management. For instance, SVB Capital led a funding round for Roofstock, an online platform for single-family rental investing, which raised $50 million in 2020, showcasing SVB's engagement in real estate asset management. Additionally, SVB provided a $25 million line of credit to Personal Capital, a financial management company, indicating their support for growth in the asset management sector. Furthermore, SVB's acquisition of Boston Private Financial Holdings for $900 million in 2021 underscores their strategic expansion into asset management services. Overall, SVB's diverse investment activities and focus on asset management make it a significant player in the industry.

Asset Management Insights: Key Investors in the US

Investor	Headquarter	Size	Founded	Deals 2024
HUB International	Chicago, Illinois, United States (USA)	10001+	1998	37
AssuredPartners	Orlando, Florida, United States (USA)	10001+	2011	7
Blackstone	New York, New York, United States (USA)	1001-5000	1985	57
Goldman Sachs	New York, New York, United States (USA)	10001+	1998	59
IFC - International Finance Corporation	Washington, D.C., District Of Columbia, United States (USA)	1001-5000	1956	107
Deep Tech Fund (an Alumni Ventures Fund)	Manchester, New Hampshire, United States (USA)	51-200	2023	258
Dcg	Stamford, Connecticut, United States (USA)	11-50	2015	19
Kirkland & Ellis	Chicago, Illinois, United States (USA)	5001-10000	1909	49
Kkr	New York, New York, United States (USA)	1001-5000	1976	74
Citi	New York, New York, United States (USA)	10001+	1812	107
Pantera Capital	Menlo Park, California, United States (USA)	51-200	2003	23
Tiger Global	New York, New York, United States (USA)	51-200	2001	25
Morgan Stanley	New York, New York, United States (USA)	10001+	1986	79
Silicon Valley Bank	Santa Clara, California, United States (USA)	5001-10000	1983	31

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