$30B Lido Advisors Sells Stake to HPS Investment Partners 

Lido Advisors, a Los Angeles-based wealth advisory firm managing over $30 billion in assets, announced a strategic partnership with HPS Investment Partners, a global alternative investment firm with approximately $150 billion in assets under management. HPS joins Lido’s existing investor, Charlesbank Capital Partners, which has been a majority owner since 2021, and Constellation Wealth Capital, which took a minority stake in 2024. The partnership also includes Lido’s more than 135 employee-owners. 

This collaboration aims to fuel Lido’s growth, building on its tripling of assets since Charlesbank’s investment. Lido, founded in 1999, specializes in personalized, family office-style wealth management for high-net-worth individuals, families, and institutions, offering services like investment management, estate and tax planning, and alternative investments. The firm has pursued growth through organic expansion and acquisitions, completing nine since January 2019. 

CEO Jason Ozur emphasized the partnership’s alignment with Lido’s client-first values and its potential to enhance service offerings. The deal, expected to close in Q3 2025, was advised by Ardea Partners, William Blair, Houlihan Lokey, and Piper Sandler, with legal counsel from Ropes & Gray, Herrick Feinstein, Willkie Farr & Gallagher, and Sidley Austin. Specific financial terms, including the size of HPS’s stake, were not disclosed.