
Kaufman Hall Picks Up $1B Tennessee RIA
Kaufman Hall Investment Management (KHIM), a subsidiary of Kaufman, Hall & Associates, LLC. has acquired Ponder Investment Company (PIC), a $1 billion registered investment advisor based in Brentwood, TN.
PIC manages fixed income portfolios with a focus on short to intermediate duration as it relates to the investment of bond proceeds, board designated funds and short-term liquidity management for healthcare, cultural, and other institutions, according to Kaufman Hall.
As part of the deal, KHIM will take control of PIC’s business and provide investment management services. PIC’s Britt Cesarone and David Hiteshew will join KHIM as SVPs of portfolio management.
KHIM did not disclose the financial terms of the deal, which closed on October 19.
Founded in 1985, Chicago-based KHIM offers management consulting services to boards and executive management teams, including assistance with strategy, financial and capital planning performance improvement, treasury and capital markets management, M&As, partnerships and joint ventures and real estate.
