Warburg Pincus and Mubadala Capital to acquire a minority stake in Edelman Financial Engines.

Warburg Pincus and Mubadala Capital agreed to acquire a minority stake in Edelman Financial Engines, an independent financial planning and investment management firm. Hellman & Friedman, a lead investor in Edelman Financial, will remain majority investor. Financial terms were not disclosed. “This new investment from Warburg Pincus alongside the continued support from Hellman & Friedman demonstrates the abundance of opportunity ahead for our business. Our record growth in 2020 created momentum that has continued into 2021. We are well-positioned and excited to take advantage of the opportunities in front us and to fulfill our long-term vision of helping more Americans meet all their financial goals," Larry Raffone, Edelman Financial President & Chief Executive Officer.