The latest mergers, acquisitions and other corporate actions in the wealth management sector.

EP Wealth Advisors, Peninsula Wealth
EP Wealth Advisors, a fee-only registered investment advisor (RIA), has just announced the acquisition of Peninsula Wealth in San Francisco. This marks EP Wealth’s third acquisition of 2025, enhancing its ability to serve clients in Northern California. It complements its existing offices in Berkeley and Walnut Creek, while adding more than $660 million in assets under management. Financial and legal terms of the transaction were not disclosed.

For over 15 years, Peninsula Wealth has been based in San Francisco’s SOMA district, providing financial planning and investment strategies to individuals and families, particularly in the biotech and technology industries, the firm said in a statement. Through this partnership, Peninsula’s clients will gain access to EP Wealth’s suite of services, including deeper investment research, estate and tax planning expertise, and advanced technology solutions, all while maintaining the personal attention they value.

Peninsula’s founder, Rahul Shah, will join EP Wealth as a regional director, along with his six-member team. “Since founding Peninsula Wealth, our mission has been to provide transparent and accessible financial planning,” said Shah. “Joining EP Wealth enables us to offer an even broader range of resources while continuing to deliver the personalized guidance our clients rely on.”

EP Wealth Advisors manages over $31 billion in assets and has more than 48 offices across 16 states.

Coller Capital, American National
London-headquartered Coller Capital, a private market secondaries manager, has just acquired a $1.6 billion senior direct lending portfolio from American National, a US-based insurance company. The investment marks the largest ever limited partner(LP) led credit secondaries transaction that is focused on a senior direct lending portfolio, the fir said in a statement.

The transaction will see Coller Capital acquire LP positions in 44 US credit funds that are primarily focused on senior direct lending.  At acquisition, it was diversified across over 3,000 loans and nearly 1,500 borrowers, the majority US based.

Coller Capital was approved to buy all funds by the underlying general partners (GP), reflecting the firm’s scale, expertise and experience when it comes to structuring and executing LP-led secondaries credit transactions.  “This investment marks the largest of its kind to date. It is a classic Coller Capital transaction in that it required scale, innovation and specialist expertise to solve a complex challenge," Michael Schad, partner, head of Coller Credit Secondaries, said.  “While interest in private credit secondaries continues to grow, the market remains undercapitalized relative to deal volumes. We believe that as more capital becomes available to address this imbalance we will see an increase in transactions of this size.”

Jefferies acted as advisor to American National, with Debevoise and Plimpton serving as legal counsel. Akin Gump Strauss Hauer & Feld LLP and Simpson Thacher & Bartlett LLP served as legal counsel for Coller Capital.

Coller Capital, which has offices in London, New York, Hong Kong, Beijing, Seoul, Luxembourg, Zurich, Melbourne, Montreal and Singapore, manages $38 billion in private equity, private credit, and other private market vehicles. It has 34 years of experience in the secondary private capital market.