MIO Partners

MIO Partners

At-cost asset management for retirement plans

About MIO Partners

Simplify's Rating
Why MIO Partners is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Quantitative Finance

Financial Services

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1992

Overview

MIO Partners manages retirement and after-tax investments for McKinsey employees and alumni, offering funds already available in the McKinsey retirement plan and access to additional alternative investments. It administers and oversees these investment funds on an at-cost basis, so neither MIO nor McKinsey earns a profit from the investments. Investors choose from funds within the plan or related alternatives, and MIO’s governance is aligned with investors through significant participation in the funds. The goal is to provide convenient, time-saving investment options and professional management at low cost, with incentives that match those of the investors.

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Simplify's Take

What believers are saying

  • Neuberger's platform enables MIO to expand beyond McKinsey client base significantly.
  • Neuberger integration provides world-class infrastructure for scaling alternative investment strategies.
  • Sale completion in 2026 resolves strategic uncertainty and unlocks growth opportunities.

What critics are saying

  • Neuberger ownership model introduces profit margins, eroding MIO's cost-effective positioning.
  • Management team exodus post-acquisition disrupts investment performance and client relationships.
  • McKinsey alumni migrate assets to competitors amid ownership transition uncertainty.

What makes MIO Partners unique

  • At-cost operating model aligns MIO incentives with 30,000 McKinsey partners and alumni.
  • Manages $26 billion in alternative investments with 250 specialized professionals.
  • Neuberger acquisition preserves management continuity and investment team expertise post-close.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Parental Leave

Family Planning Benefits

401(k) Retirement Plan

Paid Vacation

Company News

Neuberger Berman
Feb 16th, 2026
McKinsey & Company Advisory Business, MIO Partners (“MIO”) to Join Neuberger

MIO is an investment and wealth manager that serves McKinsey’s partners, employees, and alumni

Alternatives Watch
Feb 10th, 2026
Neuberger Berman to acquire McKinsey's MIO unit

Neuberger Berman to acquire McKinsey's MIO unit. Neuberger Berman will acquire MIO, the investment and wealth manager serving McKinsey & Company employees and alumni, the firms announced Tuesday. MIO oversees $26 billion in assets under management, with roughly $20 billion in alternative investment strategies. The deal follows a strategic review McKinsey launched in early 2025 after MIO's growth over 25 years. Neuberger [...] Get the whole story. AW Monthly $39 / Month - Instantly unlock all new and archived articles - Access to AW Research articles & data - Daily, weekly and monthly e-mail newsletters $390 / Year - Everything in Monthly at a 20% discount - Access to AW Research data downloads and annual Manager/Investor Compendiums - Discounts on advertisement rates Discover more New Mexico Global Positioning System Next Frontier Capital Covenant Capital Group Strix Leviathan February 12, 2026 Start your morning in the know Join industry leaders who rely on Alternatives Watch's comprehensive coverage of alternative investments across asset classes.

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