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FUNDRAISING NEWS | April 11, 2024

Cerity Partners Welcomes Agility for OCIO Business

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Cerity Partners has merged with Denver-based Agility, the investment outsourcing branch of Perella Weinberg Partners (PWP). Agility, serving as an outsourced chief investment officer (OCIO) for nonprofits, university foundations, and wealthy families, managed approximately $15 billion in assets. Through the transition, Cerity Partners will now manage approximately $100 billion in assets.

The merger enhances Cerity Partners' OCIO capabilities, with Agility known for its exceptional services in this area. The deal is expected to close in June, with Agility to be rebranded as Cerity Partners OCIO. Agility's leadership includes Chris Bittman, former CIO of the University of Colorado Foundation, and Deputy CIO Kent Muckel, former CIO of Baylor University.

Cerity specializes in serving ultra-high net worth clients and has a history of merging with other RIAs and service providers catering to this demographic. This transaction with Agility marks Cerity Partners' first in 2024. The merger is part of Cerity Partners' growth strategy and enhances its service offerings. Cerity aims to keep Agility's investment research and processes that contributed to its growth within PWP.

To view the press release, click here.  New call-to-action

Written By: John Washington, Data Research Analyst

John Washington is the Data Research Analyst at Dakota.

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