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Transactions / F•••• E•••• I•••••••••

V•••••• Capital to Acquire F•••• E•••• I•••••••••, Creating a $571 Billion Diversified Global Asset Manager

Exit to a strategic buyerannouncedannounced Aug 26, 2026Fact
What happened
Platform
not an add-on on record
Control
unknown
Share acquired
unknown
Industry
unknown
Target location
unknown
Seller kind
Sponsor
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
$7.0B (disclosed by a party)
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
11 named
Buy side
Sell side
  • Based in San Francisco, G•••••• works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. | published on G•••••• C••••••'s own news page www.gencap.com
Advisory side
  • P•• P••••••• L•Buy-side adviserconfirmed
    PJT Partners is acting as lead financial advisor to V•••••• Capital and rendered a fairness opinion to its Board of Directors.
  • G••• L••Legal adviserconfirmed
    R•••• and G••• L•• is acting as legal advisor to F•••• E•••• and Davis Polk & Wardwell LLP is acting as legal advisor to its management in connection with the transaction.
  • W•••••• F••• • G•••••••• L••Legal adviserconfirmed
    W•••••• F••• • G•••••••• L•• is acting as legal advisor to V•••••• Capital in connection with the transaction.
  • R••••Legal adviserconfirmed
    R•••• and G••• L•• is acting as legal advisor to F•••• E•••• and Davis Polk & Wardwell LLP is acting as legal advisor to its management in connection with the transaction.
  • U•• I••••••••• B•••Sell-side adviserconfirmed
    U•• I••••••••• B••• is acting as lead financial advisor to F•••• E••••; BofA Securities served as an additional financial advisor to F•••• E••••.
Side not stated
  • F•••• E••••’s distinctive investment teams will continue to operate autonomously, with no change to the investment philosophies and processes that have earned our clients’ confidence over time,” said M•••• M•••••, President and Chief Executive Officer of F•••• E••••.
  • D•••• B••••Managementconfirmed
    “This is a transformational transaction that represents the next chapter in the evolution of our business,” said D•••• B••••, Chairman and Chief Executive Officer of V•••••• Capital.
  • V•••••• Capital to Acquire F•••• E•••• I•••••••••, Creating a $571 Billion Diversified Global Asset Manager
Evidence
V•••••• Capital to Acquire F•••• E•••• I•••••••••, Creating a $571 Billion Diversified Global Asset Manager
V•••••• Capital to Acquire F•••• E•••• I•••••••••, Creating a $571 Billion Diversified Glo | Private Equity Intelligence | DFX