A long-term partner to Pathstone
A relationship that began when Pathstone managed less than $10 billion and has spanned acquisitions, a recapitalization, and an NCP investment.
The situation
Our principals’ relationship with Pathstone, a multi-family office based in Englewood, New Jersey, began around 2014, when the firm managed less than $10 billion of client assets.
What we did
- Buy-side advice on the acquisitions of Cornerstone (2021) and Willow Street (2022*)
- Sell-side advice to Brainard (2023*) and Crestone (2024*) on their sales to Pathstone
- A fairness opinion on Pathstone’s 2023* investment from Kelso
- NCP invested alongside the Kelso recapitalization
The result
The four acquisitions our principals advised on added $43 billion of client assets. Pathstone has grown to about $185 billion of client assets.
* Originated and executed by H. Peter Nesvold while part of predecessor firm.
Growth across the relationship
Pathstone grew from under $10 billion to about $185 billion of client assets over our relationship.
* Originated and executed by H. Peter Nesvold while part of predecessor firm.
Pathstone transactions our principals advised on
* Originated and executed by H. Peter Nesvold while part of predecessor firm.
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