In this episode of the Capital Allocators podcast, Simon Krinsky from Hall Capital and Tim McCusker from NEPC discuss their recent mergers with Pathstone and Hightower Holdings. Both firms, known for their independence, delve into the reasons behind their decisions, sharing insights on the deal processes and the opportunities and challenges that lie ahead. The conversation sheds light on the ongoing consolidation in the asset management industry, driven by the need for growth, expanded service offerings, and the rising influence of private equity. They also emphasize the significance of cultural and strategic alignment in merger talks, the difficulties of maintaining client relationships during transitions, and their approaches to integrating teams and businesses after the mergers.
