Lido Advisors Acquires $1B Jackson Hole Capital Partners

Lido Advisors has acquired an Oklahoma-based wealth management firm, which oversees roughly $1 billion in assets under management. 

Tulsa, OK-based Jackson Hole Capital Partners, which was founded in 2017, is led by managing partners Channing Smith and John Hastings in partnership with the Biolchini family, which owns the Bank of Jackson Hole and Vast Bank. 

Jackson Hole Capital Partners offers alternative investment options across hedge funds, private debt, and private equity, per the firm’s website. 

Following Lido Advisors’ latest acquisition, all six members from Jackson Hole Capital Partners have joined Lido Advisors as partners, according to Lido Advisors. 

“Everything we have built at JHCP has been rooted in a clear sense of purpose and a strong dedication to the clients we serve,” Hastings said. “Joining Lido is a natural next step – one allowing us to continue providing the highly customized solutions our clients count on, while expanding our ability to comprehensively meet their most important life goals.” 

The acquisition comes after the firm tapped Brian Haloossim as president and founding partner Ken Stern as co-CEO. Following the appointments, Stern joins co-CEO Jason Ozur and will remain on the investment committee.  

Last May, Lido also sold a minority investment to HPS Investment Partners, an alternative investment firm.   

HPS joins Lido’s existing investor, Charlesbank Capital Partners, which has been a majority stakeholder since 2021.  

Los Angeles-based Lido Advisors, which was founded in 1999, manages more than $42 billion in assets under management across 40 offices, the firm said.

Pictured: Channing Smith (Left) and John Hastings (Right)