Updated

Updated · Hubbis · Aug 3

Investcorp Buys Into $3 Billion Wealth Manager Berger to Expand North America RIA Exposure

Updated

Updated · Hubbis · Aug 3

Investcorp Buys Into $3 Billion Wealth Manager Berger to Expand North America RIA Exposure

2 articles · Updated · Hubbis · Aug 3

Berger Financial Group, which oversees more than $3 billion for over 3,800 clients, has taken an investment from Investcorp, though the stake size and terms were not disclosed.
Investcorp said the deal caps a multi-year search for a North American registered investment adviser platform, betting on aging demographics, intergenerational wealth transfers and rising demand for fee-based advice.
Minnesota-based Berger, founded in 1981 and operating nine offices, will keep significant ownership with its management team and advisers while using the partnership to expand scale and capabilities.
The investment adds wealth management to Investcorp’s North America private equity portfolio, which has completed more than 79 transactions worth over $25 billion and most recently bought Guardian Fire Services in December 2025.

Sources

Why is a global private equity giant quietly buying up local, fee-based financial advisers in the Midwest?

Will Wall Street's aggressive push into independent wealth management ultimately destroy the personalized fiduciary advice clients trust?

With trillions changing hands soon, what is the hidden cost of private equity taking over your family's financial future?

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