Rockefeller Announces Recapitalization at $6.6B Valuation
Rockefeller Capital Management has announced a recapitalization valuing the firm at over $6.6 billion, bringing together a consortium of investors and family offices led by Mousse Partners, Progeny 3, and Abrams Capital. The recapitalization includes continued participation from Viking Global Investors, the Rockefeller family, and the Desmarais family through IGM Financial Inc. The transaction is expected to close by December 31, 2025.
“Above all, our unwavering focus is on delivering exceptional outcomes and an unparalleled standard of service for our clients, whose trust and achievements inspire and guide every facet of our firm’s mission,” said Gregory J. Fleming, President and CEO of Rockefeller Capital Management. “This recapitalization represents a significant step forward, fully aligned with Rockefeller Capital Management’s long-term strategic objectives.”
The recapitalization ensures that Rockefeller’s leadership team, led by Fleming, retains a meaningful ownership stake. Viking Global Investors—a strategic partner since Rockefeller’s formation as an independent advisory platform in 2018—remains the largest shareholder, extending its eight-year partnership with the firm.
Mousse Partners, the investment firm for the Wertheimer family (owners of Chanel), joins Progeny 3, a New York–based family investment office, and Abrams Capital, a Boston-based investment manager known for its concentrated, value-driven approach.
Rockefeller Capital Management emphasized that the transaction will not affect day-to-day operations across its three core businesses: Rockefeller Global Family Office, Rockefeller Asset Management, and Rockefeller Global Investment Banking.
As of September 30, 2025, the firm managed approximately $187 billion in client assets, providing integrated services to ultra- and high-net-worth families, institutions, and corporations across 32 U.S. markets and London.
Legal advisory support for the transaction was provided by a distinguished roster of firms: Wachtell, Lipton, Rosen & Katz advised Rockefeller Capital Management; Cleary Gottlieb Steen & Hamilton LLP advised Viking Global Investors; Sullivan & Cromwell LLP advised the Rockefeller Family Trust; Eversheds Sutherland represented IGM Financial Inc.; Willkie Farr & Gallagher LLP advised both Mousse Partners and Progeny 3; and Ropes & Gray LLP advised Abrams Capital.
