Merchant banking firm extends its capabilities in Asset Management
Middlemarch Partners, a New York-based merchant banking firm, and Convergency Partners, a financial services platform and advisory firm, are pleased to announce they have entered into a strategic partnership. The alignment will bolster each firm’s core competencies related to strategy, operational design, distribution, capital raising and M&A in financial services. Both firms have deep domain expertise across asset management, wealth management, fintech, and next generation finance.
Convergency Partners was founded in 2020 by senior professionals from BlackRock, UBS, Morgan Stanley and Citigroup. Convergency seeks to help wealth management, asset management and fintech companies optimize their growth, product and partnership strategies. Over the past eighteen months, Convergency has advised major financial institutions seeking M&A opportunities as well as growth stage companies on profitability initiatives, strategic marketing, technology enhancement, and organizational design.
“Middlemarch has spent the last decade focusing on helping technology-enabled financial and business services grow through capital raises and M&A advisory support. Our partnership with Convergency Partners deepens these core capabilities. The Convergency team provides the operational acumen that helps navigate the rapidly changing asset and wealth management landscape and ensures our clients and portfolio companies can drive top-line revenue growth,” said Demetris Papademetriou, a co-founder of Middlemarch Partners. “We believe we will uncover new investment opportunities in conjunction with Convergency Partners.”
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“We are delighted to extend our client relationships through our partnership with Middlemarch. The principals at Middlemarch and Convergency have known each other for 20 years and this partnership builds on that foundation. Middlemarch’s merchant banking expertise allows us to support our clients’ accelerated growth plans,” said Jeff Miller, a co-founder of Convergency Partners. “Our association with Middlemarch has already delivered new opportunities for collaboration and valuable insight to both our existing and prospective clients.”
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