Simpson Thacher is representing McKinsey & Company, Inc. (“McKinsey”) in its entry into an agreement for MIO Partners (“MIO”), to join Neuberger Berman Group LLC (“Neuberger”). MIO is a global investment and wealth manager serving McKinsey's partners, employees and alumni that has $26 billion in assets under management, including approximately $20 billion in alternative investment strategies. The agreement concludes a strategic review, launched by McKinsey in early 2025, prompted by MIO's significant growth and expansion over the last 25 years.
Neuberger will onboard MIO's investment teams that manage alternative investment strategies and its advisory business that serves McKinsey partners, as well as the associated supporting functions. The agreement is expected to close in 2026 and is subject to customary closing conditions, including client consent and regulatory approvals.
The Simpson Thacher team includes Jonathan Corsico, Erin Harvey, John Dougherty, Lawrence Ekin and Nathan Gonzalez (M&A); David Blass, Seth Davis, Margaret Foster and Raymond Jensen (Funds Regulatory); Laura Wallace, David Caldwell and Bessy Zhu (Outside US Regulatory); Andrew Blau, Caitlin Lucey, Matias Botto and Katherine Howard (ECEB); Erica Rozow and George Gerstein (ERISA); Lori Lesser, Alexander Franchilli and Christian Bond (IP); Benjamin Rippeon and Shareef Salfity (Tax); Preston Miller, Geoffrey Schmelkin and Nathan May (Antitrust); and Krista McManus and Helene Marie Snyder (Real Estate).