Carlyle finalises $2.8bn acquisition of majority stake in MAI Capital

Carlyle-managed funds have finalised the purchase of a controlling interest in MAI Capital Management.

The agreement, valued at over $2.8bn, was first announced in March this year.

Carlyle had become part of MAI’s ownership chain in 2021 through an investment in Galway Holdings, the vehicle that bought MAI in the same year.

It plans to back technology investments and future acquisitions at MAI.

The existing management of MAI remains in place, with the business maintaining operational independence.

Carlyle global financial services co-head Jim Burr and Carlyle Partner Jitij Dwivedi said: “Our partnership with MAI over the past several years has reinforced our conviction in the firm’s differentiated platform, leadership team and long-term growth opportunities. We look forward to continuing our work with Rick and the broader management team as the firm evolves and expands its capabilities.”

Staff at MAI will retain a “large” minority equity stake, noted the firm.

Galway Holdings and investment funds managed by Harvest Partners, and Oak Hill Capital have sold their holdings.

As of 30 April 2026, MAI and its affiliated investment adviser had more than 40 offices across the US, employed more than 700 people, and managed or advised about $77.3bn in client assets.

MAI CEO and chairman Rick Buoncore commented: “Having worked with the Carlyle team for five years, we have seen firsthand what they bring to the table. Their support will allow us to continue investing in the business and pursuing growth opportunities, all while staying true to the culture and client-first approach that has defined MAI since inception.

“Our goal has always been to build what we believe to be the best wealth management firm in the industry, and now with Carlyle’s backing, we have the expertise and resources to pursue that goal with even greater momentum.”

“Carlyle finalises $2.8bn acquisition of majority stake in MAI Capital” was originally created and published by Private Banker International, a GlobalData owned brand.