Rockefeller Capital Management announced a major recapitalization that values the firm at more than $6.6 billion, marking a pivotal step in its long-term growth strategy. The deal brings new distinguished families and investors into the firm’s ownership group, led by Mousse Partners, Progeny 3, and Abrams Capital. These new partners join existing investors Viking Global Investors and the Rockefeller and Desmarais families. The recapitalization is expected to close by the end of 2025.
The transaction underscores growing confidence in Rockefeller’s trajectory as an independent wealth management and advisory platform. Viking Global Investors, which first partnered with Rockefeller eight years ago, remains the firm’s largest investor. The Rockefeller family and IGM Financial Inc.—in which the Desmarais family holds an interest—also participated in the recapitalization, signaling continued alignment and long-term commitment from existing stakeholders. Rockefeller’s leadership team, led by President and Chief Executive Officer Gregory J. Fleming, continues to hold a significant ownership position in the firm.
The new investor group strengthens Rockefeller’s capital base while expanding its network of influential families and institutional partners. The firm emphasized that the recapitalization will not affect day-to-day operations across its three divisions: Rockefeller Global Family Office, Rockefeller Asset Management, and Rockefeller Global Investment Banking. Instead, the transaction is designed to bolster the firm’s strategic resources as it seeks to expand its global reach and continue delivering high-touch service to clients.
Founded in 1882 as the family office of John D. Rockefeller, the firm has evolved into a leading independent financial advisory platform serving high-net-worth and ultra-high-net-worth clients, institutions, and corporations. As of September 30, 2025, Rockefeller managed $187 billion in client assets across its business lines and maintained offices in 32 U.S. markets and London. The firm continues to build on its historic legacy by integrating modern investment management and wealth advisory services with a focus on excellence and long-term stewardship.
Counsel: Legal counsel for the transaction included Wachtell, Lipton, Rosen & Katz for Rockefeller Capital Management; Cleary Gottlieb for Viking Global Investors; Sullivan & Cromwell for the Rockefeller Family Trust; Eversheds Sutherland for IGM Financial Inc.; Willkie Farr & Gallagher for Mousse Partners and Progeny 3; and Ropes & Gray for Abrams Capital.
KEY QUOTES:
“We are pleased to welcome Mousse Partners, Progeny 3, and Abrams Capital as partners who share our commitment to excellence and our vision for the future. Above all, our unwavering focus is on delivering exceptional outcomes and an unparalleled standard of service for our clients. The continued support from our existing investors underscores the strength and momentum of our firm as we enter this next phase of growth. This recapitalization represents a significant step forward, fully aligned with Rockefeller Capital Management’s long-term strategic objectives.”
Gregory J. Fleming, President & Chief Executive Officer, Rockefeller Capital Management
“Greg and the Rockefeller leadership team have brought our shared vision of building a leading wealth management platform to life. It has been an exciting journey to support them for these past eight years. We look forward to the next chapter with Rockefeller and this expanded group of like-minded investors.”
Brian Kaufmann, Head of Private Investments, Viking Global Investors
“This recapitalization marks an exciting new chapter for Rockefeller Capital Management. By welcoming these new partners alongside our existing investors, we are not only strengthening our foundation and expanding our ability to deliver exceptional service but also forging meaningful bonds between the Rockefeller family and these other distinguished families and investors.”
David Rockefeller Jr., Director, Rockefeller Capital Management
