BlackRock Acquires SpiderRock Advisors

Mubadala Capital Acquires 42% Stake in Silver Rock Financial LP

December 6, 2024

Financial Services

Abu Dhabi-based Mubadala Capital acquired a 42% minority stake in U.S. private credit manager Silver Rock Financial LP through a mix of cash and Mubadala capital stock, with an option to increase to 50%. The deal brings Silver Rock principals and M‑Cor (the Milken family office) into Mubadala Capital’s asset management platform while preserving Silver Rock’s operational independence and management leadership; the transaction is expected to close by Q2 2025.

BlackRock to Acquire Aperio

November 23, 2020

Financial Services

BlackRock, Inc. entered into a definitive agreement to acquire Aperio Group LLC from Golden Gate Capital and Aperio employees for $1.05 billion in cash. The deal adds Aperio's $36 billion in AUM and tax-optimized, personalized index SMA capabilities to BlackRock's U.S. Wealth Advisory business, with Aperio operating as a separately branded team.

Spouting Rock Asset Management Acquires Majority Stake in Old Hill Partners

January 7, 2022

Financial Services

Spouting Rock Asset Management announced an agreement to merge with Old Hill Partners and has formed a new subsidiary, Spouting Rock Alternative Credit, LLC (SR Alternative Credit), to house Old Hill's asset-based lending business. Former Old Hill employees Jeff Haas and Peter Faigl will operate the new subsidiary as it targets asset-based lending opportunities for borrowers seeking $10–50 million in financing and aims to expand Spouting Rock’s private credit capabilities.

AlphaCore Wealth Advisory Acquires SPC Financial

October 27, 2025

Financial Services

AlphaCore Wealth Advisory has acquired SPC Financial, a Rockville, Maryland-based wealth advisory and tax-services firm, bringing approximately $1.5 billion in client assets and nearly 40 professionals to AlphaCore. The deal expands AlphaCore's East Coast presence, deepens its in-house tax-planning capabilities, and brings the combined firm to over $8.5 billion in client assets and more than 100 employees.

BlackRock Acquires HPS Investment Partners

October 14, 2025

Financial Services

BlackRock completed the acquisition of HPS Investment Partners in a transaction reported at about $12 billion, expanding BlackRock’s private credit and alternative asset capabilities. The deal brings HPS’s sizable private markets platform (reported as roughly $157–165 billion of AUM in sources) into BlackRock’s platform and bolsters its private markets and private credit scale.

NorthRock Partners Onboards Martin & Associates ($500M AUM)

January 29, 2026

Wealth Management

NorthRock Partners announced it has onboarded Illinois-based advisory firm Martin & Associates, a five-person team bringing approximately $500 million in assets under management, pushing NorthRock's AUM past $11 billion. The team, previously affiliated with Ameriprise Financial, will transition client relationships onto NorthRock’s Personal Office platform to deepen the firm’s presence in Illinois and expand its wealth management capabilities.