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Cerity Partners is an independent registered investment advisor based in Chicago providing comprehensive wealth management, financial administration, and family office services to wealthy individuals, corporate executives, businesses, and institutional clients. Operating under an advisory model, the firm currently manages over $130 billion in total client assets across its global professional services platform. The organization has significantly expanded its market presence and scale through strategic financial backing from notable private equity investors, including Howard Milstein and Lightyear Capital. To further accelerate this growth trajectory, the firm has executed targeted industry acquisitions, notably completing a strategic merger with the established wealth advisory practice Sullivan Serwitz. The company was previously featured by Barron's for successfully building a $45 billion national registered investment advisory business. Originally established under the name HPM Partners, the firm was founded in 2009 by Kurt Miscinski.
Key people at Cerity Partners.
Cerity Partners offers comprehensive, custom-tailored wealth management and financial advisory services to high-net-worth individuals and their families, businesses, and nonprofit organizations.
Cerity Partners offers comprehensive, custom-tailored wealth management and financial advisory services to high-net-worth individuals and their families, businesses, and nonprofit organizations.
Cerity Partners Ventures is not a traditional venture capital firm but a specialized provider of "venture capital as a service" (VCaaS), partnering with large corporations to launch and manage their corporate VC programs. This model delivers strategic benefits and financial discipline, allowing corporations to retain full control while adhering to VC best practices. They operate approximately 20 strategic funds focused on sectors like healthcare, pharma, and medtech, bridging the skills and culture gap between big organizations and startups.[1][2][5]
Their investment philosophy emphasizes custom solutions that combine corporate and institutional VC expertise, providing operating support to entrepreneurs and investors. In the startup ecosystem, Cerity enhances corporate innovation by enabling large entities to invest efficiently, fostering connections that accelerate startup growth in strategic areas without corporations building in-house teams.[4][6]
Cerity Partners Ventures emerged as part of the broader Cerity Partners wealth management platform, evolving to offer corporate venture capital services with offices in locations like Philadelphia and Los Angeles.[1][3] While specific founding year and key partners are not detailed in available sources, the firm has pioneered VCaaS, drawing on extensive VC experience to create ~20 funds tailored to corporate needs in healthcare, pharma, and medtech.[1][5]
This evolution reflects a shift toward outsourced VC management, allowing corporations to tap specialized expertise amid growing demand for strategic investments. Their focus has matured into comprehensive support for corporate innovation, with investment professionals addressing divides between large organizations and startups.[2][6]
Cerity Partners Ventures rides the trend of corporate venture capital (CVC) expansion, where large organizations seek innovation through startups amid slowing traditional VC funding. Their VCaaS model addresses timing perfectly: corporations face pressure to innovate in biotech and medtech without diluting focus, leveraging market forces like rising healthcare demands and tech-biotech convergence.[1][5]
They influence the ecosystem by democratizing CVC access, enabling more strategic investments that fuel startup scaling in critical sectors. This reduces barriers for non-VC-native corporations, amplifying capital flow to early-stage companies and shaping a more collaborative tech-health landscape.[2][6]
Cerity Partners Ventures is positioned to expand as CVC grows, potentially scaling beyond 20 funds into adjacent sectors like AI-driven healthtech amid economic recovery. Trends like corporate innovation mandates and biotech breakthroughs will propel demand for their outsourced model, evolving their influence toward dominant VCaaS leadership.
This ties back to their core strength: transforming corporate capital into startup fuel, ensuring they remain pivotal in bridging big tech and bold innovation.[1][5]
Key people at Cerity Partners.
