Carlyle to pay $2.8bn for MAI Capital Majority Stake, Adding $72.6bn AUM
Carlyle agreed to acquire controlling interest in MAI Capital Management for $2.8bn with employees retaining a minority stake as Galway, Harvest Partners, and Oak Hill exit. The transaction, closing in Q2 2026 pending regulatory approvals, brings $72.6bn in AUM across 40 locations and over 700 employees to Carlyle’s platform.
1. Transaction Details
Carlyle has agreed to acquire a controlling interest in MAI Capital Management for $2.8bn, in a transaction that includes exiting shareholders Galway Holdings, Harvest Partners and Oak Hill Capital. MAI employees will retain a minority stake and the firm will continue independent operations under existing leadership.
2. MAI Capital Overview
As of January 1, 2026, MAI operates 40 locations across the US, serving high-net-worth individuals, families, professional athletes and entertainers with financial planning, investment management, retirement and tax services. The firm advises on $72.6bn in assets and employs over 700 staff.
3. Strategic Impact and Timeline
The deal is expected to close in Q2 2026, pending standard closing conditions and regulatory approvals, including from South Dakota’s Division of Banking. Carlyle plans to integrate MAI’s platform into its alternative investment business while preserving the firm’s culture and strategic direction.