Lido Advisors is getting another boost for its growth plans as it adds another private-capital partner to its growing list of backers.
The Los Angeles-based firm with over $30 billion in assets under management has entered into a strategic partnership with HPS Investment Partners, marking a new phase of expansion for the Los Angeles-based RIA.
The deal brings another institutional backer alongside existing partner Charlesbank Capital Partners, joining more than 135 Lido employee-owners in supporting the firm’s long-term trajectory.
The wealth firm said the investment by HPS is aimed at accelerating its strategic growth. HPS, a global alternative investment manager with roughly $150 billion under management, will become a minority investor in the business.
HPS is also an object of interest for BlackRock, which is set to acquire the private credit firm in a pending $12 billion deal as part of BlackRock's broader strategy to expand its profile in the alternatives space.
Founded in 1999, Lido Advisors provides wealth advisory services to high-net-worth clients, including individuals, families and institutions. Its offering combines investment management, tax and estate planning, and access to alternative investment strategies in what the firm describes as a “family office-style” experience.
Lido has grown significantly in recent years with backing from Charlesbank. In January 2024, it got fresh support in the form of a staking investment from Constellation Wealth Capital.
According to the firm, the addition of HPS represents an opportunity to build on that momentum and continue expanding its capabilities and client reach.
“This partnership with HPS marks an exciting new chapter for Lido, and we are extremely well positioned to continue our momentum delivering for our clients and team,” Jason Ozur, chief executive of Lido, said in a statement. “I’m incredibly proud of the growth we’ve achieved the past four years while staying true to our client-first values.”
Most recently last month, Lido extended its reach in the West Coast via a partnership with Menlo Park-based BluePointe Capital Management, bringing over $870 million in new assets. Before that in December, it merged in another LA-based RIA, Avitas Wealth Management, securing an additional $1.1 billion in regulatory AUM.
HPS is expected to play a passive, minority role in the firm’s ownership structure. Financial terms of the transaction were not disclosed.
“Lido is extremely well positioned to continue growing and enhancing the services we can provide our clients,” said Ken Stern, Lido’s president. “Our new partnership with HPS validates the strength of our platform and underscores the significant opportunities ahead.”
The regulator is scrutinizing how some firms oversee concentrated positions in complex "worst-of" notes – and wants answers.
Meanwhile, Carson Group fully integrates a decades-old practice in Phoenix, Arizona, and Triad Wealth touts its 5x growth to hit a $2 billion milestone.
Matt Gellene shares the bank’s latest research on how young adults are managing their finances.
Survey data reveal a widening divide between early AI adopters and those still on the sidelines – with career stage and AUM emerging as key fault lines.
Sitting between equity and insurance-like solutions, defined-outcome ETF strategies have matured as an alternative to staying in cash during choppy markets.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
