The transaction marks an increase in Carlyle's ownership following its initial investment in 2021, with existing backers including Galway Holdings, Harvest Partners, and Oak Hill Capital exiting their positions. 'We've been partners with MAI since 2021 and have seen firsthand the strength of its platform, leadership team, and highly customized client-centric approach,' said Jim Burr, Co-Head of Global Financial Services at Carlyle, and Jitij Dwivedi, Partner at Carlyle. 'We believe in the multi-decade-long industry tailwinds supporting scaled advisor-led platforms with integrated business models and holistic wealth management capabilities.' MAI provides a comprehensive platform spanning financial planning, investment management, tax advisory, retirement planning, and family office services, targeting high-net-worth and ultra-high-net-worth clients. The transaction reflects continued private equity interest in wealth management, as firms target scalable platforms benefiting from...
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