Investcorp Invests in Berger Financial Group Wealth Platform

Investcorp, a prominent global alternative investment firm, has strategically invested in Berger Financial Group, Inc., a comprehensive wealth management platform serving individual investors and retirement savers across the United States. This move signals Investcorp's continued focus on the North American professional services sector, where it has a robust track record.

The acquisition of Berger Financial Group, founded in 1981 and based in Minnesota, aligns with Investcorp's multi-year strategy to capitalize on the North American wealth management market. This sector is experiencing significant tailwinds, including an aging population, a substantial generational wealth transfer on the horizon, increasing financial complexity, and a pronounced shift towards fee-based advisory models. Berger currently manages over $3 billion in assets and serves more than 3,800 clients through nine offices, offering services such as financial and retirement planning, tax planning, and portfolio management.

Vitali Bourchtein, Managing Director on Investcorp's North America Private Equity team, highlighted Berger's appeal, stating, "Berger is exactly the kind of platform we look to back: a differentiated, fee-based wealth management business with exceptional client and advisor retention and significant runway for value creation in a large, fragmented market." He further emphasized Berger's "planning-first model that has earned deep, lasting connection with its clients," underscoring the firm's commitment to accelerating Berger's growth and expanding its capabilities.

This investment underscores Investcorp's disciplined approach to identifying and partnering with leading businesses. The firm has a history of backing specialized professional services firms, with previous investments including PKF O’Connor Davies, AlixPartners, CrossCountry Consulting, ICR, Resultant, and United Talent Agency. This strategy involves building deep expertise in target sectors and cultivating relationships with management teams before executing selective platform investments.

Nick Asmus, Chief Executive Officer at Berger Financial Group, expressed enthusiasm for the partnership, noting, "We are excited to work with Investcorp in the next phase of our growth, for which innovative partners with strong investment track records will be key to our success." He added that the North American Registered Investment Advisor (RIA) sector is poised for substantial expansion, driven by favorable market dynamics that companies like Berger are well-positioned to leverage. Investcorp's demonstrated sector knowledge instills confidence in Berger's ability to enhance its market position and scale.

The transaction continues Investcorp's active deployment of capital in North America, where its Private Equity group has a 40-year history of investing in mid-market businesses. This latest deal follows other recent activities, such as the acquisition of Guardian Fire Services. With over 79 transactions completed and more than $25 billion deployed since inception, Investcorp's North America Private Equity division maintains a strong momentum in supporting growth-oriented companies.