Rockefeller Capital Management has increased its enterprise valuation to over $6.6 billion as distinguished families as well as investors have invested billions. The business alliance now includes investors such as Mousse Partners, Progeny 3 and Abrams Capital as well as additional investments from the Rockefeller and Desmarais family.

The announcement from Rockefeller Capital Management said that are looking at an anticipated close by the end of this year. 

President and CEO of Rockefeller Capital Management Gregory J Fleming extended a welcome to new partners Mousse Partners, Progeny 3 and Abrams Capital and said that they shared a “commitment to excellence” as well as a “vision for the future.”

He also acknowledged the support of the existing investors of Rockefeller Capital Management and said that the recapitalization represented “a significant step forward” and was in alignment with the firm’s “long term strategic objectives.” 

The recapitalization of the firm also included material support from existing investors including Viking Global Investors which is the largest investor in Rockefeller Capital Management and has an eight-year strategic alliance with the firm. 

The Rockefeller family has been associated with the firm and David Rockefeller Jr. is a director at the firm. He is a fourth generation family member. He also welcomed the new partners and said that the new and existing investors would join together to build “lasting relationships” and to pursue “new opportunities” for their clients as well as for the firm.

IGM Financial Inc. is also an existing investor. It is strengthening investments in the transaction with material support. The Desmarais family holds an interest in IGM.

Rockefeller Capital Management was founded in 2018 and is headquartered at 45, Rockefeller Plaza, New York City. It also operates an office in London, and the recapitalization of the firm indicates that it is looking to expand its presence nationally as well as globally.