Maven Capital and Ares aim for £30bn AUM tie-up to disrupt wealth management space
Private equity firms Maven Capital Partners and Ares Management have teamed up with a family office to support the launch of a new acquisition business.
Titan Wealth Holdings will be in the UK asset and wealth management market, as first reported by the Financial Times.
Titan’s ambitious strategy is targeting AUM of up to £30bn within five years of its launch.
Acquisitions
The new business will launch with two acquisitions, including Tavistock Wealth, a multi-asset executive with £1bn of assets for retail clients.
The second acquisition is Global Prime Partners (GPP), which has £2bn of assets under management and provides clearing and custody services.
The latter will also provide a full suite of execution, settlement, and custody services to Titan Wealth Holdings.
The acquisitions are expected to be completed during the second half of 2021.
‘Reform in the sector’
“We are delighted to welcome GPP and Tavistock Wealth to Titan and very much look forward to working with their existing teams,” said James Kaberry and Andrew Fearon, joint-CEOs of Titan Wealth Holdings.
“We have the opportunity to drive reform in the sector, through leveraging new technologies and broadening distribution channels to deliver value for intermediaries and institutional clients.”
Julian Parker, CEO of GPP, added: “This important partnership with Titan will accelerate our organic growth trajectory whilst ensuring that our strategy remains true to our roots and we can stay focused on providing state-of-the-art technology and wealth management services to our clients.”