$6.2 billion Dallas wealth manager for wealthy families sold

Dallas wealth management advisor CH Investment Partners is being sold to a Chicago company along with the management of more than $6.2 billion in assets.
Chicago-based Cresset Capital is acquiring CH Investment Partners for an undisclosed amount, taking with it CH’s 37 employees. The company caters to “ultra-high-net-worth families,” according to a news release from Cresset. CH Investment Partners works with “64 successful families” and has an alternative investment fund with 155 families and platform partners as clients.
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The investment firm is a spinoff of Crow Holdings Capital, the Dallas real estate investment and development firm started in 1948 by Trammel Crow and expanded under his son Harlan Crow. CH Investments pools money from multiple high-net worth families to create customized portfolios.
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CH Investments is located at the Old Parkland campus in Dallas, the same site where Harlan Crow and Crow Holdings have offices.
“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 a statement from CH Investment Partners co-president and chief investment officer Mike Silverman, who will continue to lead the business. “We also look forward to expanding access to our family office services and the comprehensive.”
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CH Investment co-president Kirk Rimer will also remain with the company.
CH Investment also has offices in Tulsa, Okla. and Charlotte, N.C.
Just last year, CH was able to lure away UT Southwestern Medical Foundation CEO and president Kathleen Gibson to work as a senior managing director at the firm.
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With the purchase, Cresset will operate 20 offices across the country and manage about $62 billion in assets and investments for its wealthy clients.