Houlihan Lokey Advises Perella Weinberg Partners Capital Management LP on Sale of Agility

Houlihan Lokey is pleased to announce that Agility, a provider of outsourced chief investment officer (OCIO) solutions for endowments, foundations, family offices, corporations, healthcare organizations, and other clientele, has combined with Cerity Partners (Cerity), a leading independent wealth management firm in the U.S. Upon closing, Agility formed Cerity Partners OCIO, and Cerity now manages approximately $100 billion in client assets. The transaction closed on May 31, 2024.

Agility’s experienced investment professionals and market-leading OCIO practice will serve as a strategic complement to Cerity’s existing full-service wealth management business and expand its existing capabilities through enhanced OCIO services to nonprofit organizations, UHNW individuals, and family offices. Agility’s investment team will establish an OCIO investment committee within Cerity.

Founded in 2007, Agility serves as the OCIO for a group of premier endowments, foundations, family offices, and other long-term investors and had approximately $15 billion of assets under management as of December 31, 2023. Agility is a business of Perella Weinberg Partners Capital Management LP.

Founded in 2009, Cerity is a nationally recognized financial and wealth advisory firm serving high-net-worth individuals and their families, businesses and their leadership teams, and nonprofit organizations and is backed by Genstar Capital and Lightyear Capital.

Houlihan Lokey served as the financial advisor to Perella Weinberg Partners Capital Management LP.