January 13, 2025 – MIO was created over 25 years ago to offer differentiated investment products for McKinsey Partners and colleagues. Since its inception, MIO has delivered exceptional risk-adjusted returns to its investors. Over the last decade, MIO built a highly aligned global wealth management advisory service for active and retired partners while expanding its investment offerings to include several private market strategies. Today, its assets under management have surpassed $23 billion.
Considering MIO's significant growth and product expansion, McKinsey & Co., MIO’s owner, has launched a review of its strategic relationship with MIO to ensure that it aligns with the best long-term interests of McKinsey and MIO’s clients. This review will evaluate various strategic directions and alternative ownership structures to preserve MIO’s unique alignment of interest with its clients. A successful outcome will enable MIO to expand its field of operations and leverage its ability to create value for its investors.
A dedicated team at McKinsey will lead the review in collaboration with MIO’s Board of Directors and senior management. Ardea Partners, a boutique investment bank with asset and wealth management expertise, will support the review. The intended outcome will be to ensure MIO’s clients can continue to access its cost-effective distinctive investment solutions and advisory services. We intend to find an optimal structure that preserves and enhances MIO capabilities by enabling continuity of its management, investment, and advisory teams.
Developing, assessing, and structuring the alternatives will be a complex process and is expected to take some time. We hope to provide a progress update late in Q2 2025.