A five-year build-out comes to market
Wilshire’s current owners – New York-based private equity firms CC Capital and Motive Partners – acquired the firm in 2021 and spent the intervening years modernising its technology infrastructure and completing three strategic acquisitions: XTP, ParkLexington, and Lyxor.
Those deals expanded Wilshire’s alternatives coverage and institutional hedge fund managed accounts capabilities while deepening its connectivity with retirement providers and financial intermediaries.
CC Capital and Motive Partners worked with Wilshire’s management to strengthen its business through investments in technology, data infrastructure, artificial intelligence, product development and sales capabilities.
The result, according to the sellers, is a platform now built around a fully cloud-based, API-enabled architecture and a unified data and analytics stack covering investment solutions and alternatives. That technology foundation is a core part of what Marsh is acquiring.
Jason Schwarz, CEO of Wilshire, said the move was a logical next step. “Wilshire has spent more than five decades building innovative, institutional-quality investment capabilities and delivering them to clients across institutional, wealth, and retirement markets,” he said. “Now is the time to join with Marsh, and through its global reach and resources, extend our platform, broaden our capabilities, and serve clients across the investment value chain.”