Platform·Financial/Asset Management·June 3, 2026
Wellington Management acquires Hartford Funds
The platform investment centers on the target's operating business, with transaction terms undisclosed in the announcement.
Takeaways
- Hartford Funds is a asset management business offering mutual funds and investment advisory services.
- Wellington Management is acquiring Hartford Funds.
- The business serves wealth management and retail investors.
BuyerWellington Management
TargetHartford Funds
SponsorWellington Management
SellerHartford Insurance Group
TypePlatform
IndustryFinancial
Sub-sectorAsset Management
Wellington Management agreed to acquire Hartford Funds, The Hartford Insurance Group’s funds business serving the U.S. wealth market, and will operate it as investment advisor to its funds after closing.
The deal includes $300 million of cash at closing and post-close quarterly payments tied to after-tax available cash, with The Hartford estimating a $1.9 billion net present value.
Closing is expected in the first quarter of 2027, subject to regulatory and fund approvals.
Daily PE deal brief
Get tomorrow morning's tape in your inbox.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up before the workday starts.