Pathstone to Acquire $45B Hall Capital, Expanding UHNW Footprint

Pathstone has agreed to acquire bi-coastal Hall Capital Partners, an independent advisory managing $45B in assets for ultra-high-net-worth families, endowments, and foundations.

In an October 16 press release, Pathstone said the addition of Hall Capital’s San Francisco and New York offices and team will expand its footprint to 23 offices across the US, supported by 750 team members. Hall Capital’s $45B in assets it manages for more than 130 clients will also bring Pathstone’s total assets under advisement and administration to $160B and total assets under management to nearly $100B.

Terms and financial consideration were not disclosed, but Pathstone said its management and financial backers Kelso & Company and Lovell Minnick Partners will all be investing additional capital to support the Hall transaction.

UBS Securities LLC provided financial advice to Hall Capital, while Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel. For Pathstone, Ardea Partners LP served as financial advisor and Alston & Bird LLP as legal counsel.

View the press release here.