Cresset Asset Management today announced its acquisition of CH Investment Partners, a $6.2 billion multi-family office and private investment firm serving ultra-high-net-worth families. With this acquisition, the integrated firm will manage more than $62 billion in assets on behalf of high-net-worth and ultra-high-net-worth families.
CH Investment Partners was established by Mike Silverman and Kirk Rimer, who recognized the specific needs of ultra-high-net-worth families and the limitations found in traditional wealth management approaches. They established CH Investment Partners as an independent multi-family office, providing deep expertise, a family office approach, and robust private investment opportunities to a broader group of families.
Today, CH Investment Partners serves 64 successful families through comprehensive wealth advisory and family office services, along with a sophisticated alternative investment platform, serving an additional 155 families/platform partners. With its headquarters in Dallas, Texas, and additional offices in Tulsa, Oklahoma, and Charlotte, North Carolina, CH Investments Partners continues to honor its roots while expanding its reach to support families across multiple regions.
“Cresset and CH Investment Partners share a family-first orientation that prioritizes high-touch service to consistently produce deeply impactful results,” said Avy Stein, Co-Founder and Co-Chairman of Cresset. “Cresset is excited to partner with these talented professionals, welcome new families, and extend access to new areas of private investment capabilities.”
The acquisition will bring 37 new employee partners to Cresset, including seasoned investors and a management team with extensive experience in serving ultra-high-net-worth families.
“This partnership with Cresset is a terrific cultural match for us, as it will allow us to broaden the access to services and investments for our families,” said Mike Silverman, Co-President and Chief Investment Officer, who will continue to lead the business with Co-President Kirk Rimer. “We also look forward to expanding access to our family office services and the comprehensive investment opportunities we’ve developed to Cresset’s families.”
“CH Investment Partners and Cresset coming together is a powerful combination of two firms that share the same values and a deep focus on serving ultra-high-net-worth families,” said Michael Levy, CEO of Crow Holdings. “I would like to specifically congratulate Mike and Kirk for their successful leadership through the years and their vision to further build upon the legacy we’ve established for the families we serve.”
About Cresset
Cresset is an independent, award-winning multi-family office and private investment firm with more than $50 billion in assets under management (as of 06/06/2024). Cresset serves the unique needs of entrepreneurs, CEO founders, wealth creators, executives, and partners, as well as high-net-worth and multi-generational families. Our goal is to deliver a new paradigm for wealth management, giving you time to pursue what matters to you most.
