Deals
McKinsey’s $9.5 Billion Internal Investment Arm Cuts Wide Swath
- Investment unit started operating as MIO Partners in 1992
- McKinsey says MIO business is run like a ‘blind trust’
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McKinsey & Co. has a $9.5 billion internal investment arm that manages money for partners and former employees and invests in everything from start-ups to hedge funds that bet on mergers and acquisitions.
The unit, which started operating as MIO Partners in 1992, generally uses a fund-of-funds approach while also making direct investments in companies, according to a regulatory . It also can make long-term, illiquid investments with “higher profit potential,” the filing says.