We are advising Perella Weinberg on the transaction

Davis Polk is advising Perella Weinberg Partners Capital Management LP in connection with the sale of its outsourced chief investment officer (OCIO) business, Agility, to Cerity Partners LLC. The newly combined firm will oversee $100 billion in assets across business units.

Perella Weinberg is a leading global independent advisory firm that provides strategic and financial advice to clients across the most active industry sectors and international markets. It was founded in 2006 and is based in New York City.

Founded in 2007 and based in Denver, Colorado, Agility provides OCIO services for endowments, foundations, family offices, corporations, healthcare organizations and other institutions. Agility oversaw $15 billion in outsourced assets as of December 31, 2023.

Founded in 2009 and based in New York City, Cerity Partners is a nationally recognized financial and wealth advisory firm serving high-net-worth individuals and their families, businesses and their leadership teams and nonprofit organizations.

The Davis Polk corporate team includes partner Michael Davis and associate Brian Lee. Partner Gregory S. Rowland and counsel Benjamin Milder are providing investment management advice. Partner Adam Kaminsky is providing executive compensation advice. Partner Ethan R. Goldman is providing tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices. 

Copy link to share post