Investcorp, a leading global alternative investment firm, today announced that it has invested in Berger Financial Group, a leading full-service wealth management platform providing comprehensive financial advisory services to individual investors and retirement savers across the United States.
Investcorp has a well-established history of investing in specialised business and professional services firms, with notable investments including PKF O’Connor Davies, AlixPartners, CrossCountry Consulting, ICR, Resultant and United Talent Agency.
Founded in 1981 and headquartered in Minnesota, Berger provides financial and retirement planning, tax planning, and portfolio management services to more than 3,800 clients across nine offices. With more than $3 billion in assets under management (AUM), the company has built a strong history of growth, supported by strategic acquisitions, senior hires, and provides investment guidance to clients with varying objectives and financial goals. Berger’s management team and financial advisors will continue to be significant owners in the business alongside Investcorp.
The investment comes amid Investcorp’s multi-year strategic pursuit of an investment opportunity in the North American wealth management sector, which offers attractive, secular tailwinds in the form of aging demographics, significant near-term generational wealth transfer, rising financial complexity, and sustained migration towards fee-based fiduciary advice.
Yusef Al Yusef, Global Head of Distribution at Investcorp, said: “The US wealth management industry represents some of the most attractive investment opportunities in private equity today, and a significant contributor to the growth of Investcorp’s global business.
“Investcorp has long perceived the US market as a cornerstone for capital deployment, offering scale, regulatory maturity and depth of talent. Our partnership with Berger underscores the significant opportunity that we believe exists to partner with exceptional management teams across the sector, and to provide expert investment capabilities to support these companies over the long-term, while creating value for our clients.”
Steve Miller, Senior Managing Director and Co-Head of North America Private Equity, said: “This investment continues Investcorp's long history of backing leading professional services businesses and reflects the discipline of our shadow portfolio strategy at its best: identifying an attractive sector early, building relationships with world-class executives to develop genuine expertise and conviction, and then remaining highly selective until the right platform comes along. Berger is that platform, and we could not be more pleased to partner with its exceptional management team.”
Nick Asmus, Chief Executive Officer at Berger Financial Group, added: “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. The North American RIA sector is entering a period of significant growth and opportunity, supported by favorable tailwinds that mean companies like Berger are poised to capitalize on new and emerging opportunities. Investcorp has demonstrated deep knowledge of our sector, and we are confident in the partnership’s ability to increase Berger’s market positioning and scale potential in the coming years.”
Today’s announcement follows the successful acquisition of Guardian Fire Services by Investcorp in December 2025. Investcorp’s North America Private Equity group has been investing in North American mid-market businesses for over 40 years and has completed more than 79 transactions, deploying more than $25 billion in transaction value since inception. – TradeArabia News Service
