Advent, ADIA Invest Up to $3 Billion in Fisher Investments

Fisher Investments is selling a minority stake to private-equity firm Advent International and the Abu Dhabi Investment Authority for up to $3 billion, valuing the firm at $12.75 billion. This marks the first time Fisher Investments has accepted outside investment. Ken Fisher will retain over 70% ownership in the company, which manages $275 billion for more than 150,000 clients. The transaction includes an unusually long holding period for a private equity deal, ensuring the firm's long-term independence. This move is part of Fisher's estate planning strategy to secure the firm's future regardless of his personal health. The investment will allow Fisher Investments to continue operating independently while benefiting from the capital infusion.