Viking Global Investors in Investment Transaction in Rockefeller Capital Management

Cleary Gottlieb advised Viking Global Investors (Viking) in Rockefeller Capital Management’s (Rockefeller) successful recapitalization at an enterprise valuation of over $6.6 billion, marking a significant milestone in Rockefeller’s growth trajectory and long-term strategic plan.

The transaction, led by Mousse Partners, Progeny 3, and Abrams Capital, brings together several distinguished families and investment firms in a business alliance alongside Viking and the Rockefeller and Desmarais families. It is expected to close no later than December 31, 2025.

The transaction received material support from Viking, the Rockefeller family, and IGM Financial Inc., in which the Desmarais family holds an interest. Viking remains Rockefeller’s largest investor, continuing an eight-year partnership that has helped shape the firm’s trajectory.

Founded in 1999, Viking is a global investment firm with a long-term, fundamental, research-intensive approach to investing. Viking manages over $53 billion of capital across public and private investments.

Rockefeller Capital Management was established in 2018 as a leading independent financial advisory services firm. Originally founded in 1882 as the family office of John D. Rockefeller, the firm has evolved to offer strategic advice to ultra- and high-net-worth individuals and families, institutions, and corporations from offices in 32 markets throughout the United States, as well as an office in London. As of September 30, 2025, the firm was responsible for $187 billion in client assets across its three businesses, Rockefeller Global Family Office, Rockefeller Asset Management, and Rockefeller Global Investment Banking.

For more information, please see the press release.