At a glance
- The listing is a deal talk dated Nov. 12, not a completed deal.
- The $40 billion figure describes True Potential's assets, not the amount on offer or the multiple applied to them.
- Advisors whose clients hold True Potential products have no new fee or mandate while the talks run.
Cinven is in talks to acquire True Potential, an asset manager with $40 billion in assets, according to Private Wealth Daily's Deal Tracker. No purchase price was disclosed.
The listing is a deal talk dated Nov. 12, not a completed deal.
The $40 billion figure describes True Potential's assets, not the amount on offer or the multiple applied to them.
Advisors whose clients hold True Potential products have no new fee or mandate while the talks run. The open question is whether fees, investment mandates or platform agreements would change if the deal closes.
Reported by the Succession & selling a firm desk from Private Wealth Daily's Deal Tracker. Published . Corrections
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