Chatham Financial has agreed to acquire Hodes Weill & Associates, in a deal that brings together two advisory firms focused on capital markets and real assets, as consolidation gathers pace in the sector.
The transaction, expected to close in the second quarter of 2026 subject to regulatory approvals and customary conditions, will combine Chatham’s capital markets advisory and technology platform with Hodes Weill’s capital raising and strategic advisory capabilities across real estate, infrastructure and energy transition.
Financial terms of the deal were not disclosed.
The acquisition underscores growing demand among institutional investors and asset managers for integrated advisory services spanning the full capital stack, as fundraising conditions and portfolio strategies become more complex.
Under the agreement, Hodes Weill will operate as “Hodes Weill & Associates, a Chatham Financial Company.” Founders David Hodes and Doug Weill will join Chatham’s executive leadership team, reporting to Chief Executive Matt Henry, and are expected to become significant shareholders.
Chatham said the combination would enhance its ability to provide clients with end-to-end solutions, linking risk management, debt advisory and derivatives expertise with capital formation and strategic advisory services.
“Together, we will deliver a more comprehensive suite of financial services,” Henry said, pointing to expected synergies from combined client networks and complementary offerings.
The deal reflects broader consolidation trends in the real assets advisory space, where firms are seeking scale, data capabilities and global reach to serve increasingly sophisticated institutional clients.
Hodes Weill, founded in 2009, has advised on roughly $33 billion in private capital placements, working with fund managers, institutional investors and asset owners across a range of strategies. Its services include fundraising, M&A advisory, GP-led recapitalisations and restructuring.
Chatham, established in 1991, provides advisory services on debt, derivatives and capital markets, serving more than 4,500 companies globally. The firm said it processes around $2 trillion in annual transaction volume and manages $2.9 trillion of commercial real estate debt on its platform.
Amol Dhargalkar, chairman of Chatham’s board, said clients were increasingly seeking a combination of technical expertise, technology-enabled insights and relationship-driven advisory.
Executives at both firms highlighted rising institutional allocations to real assets as a key driver behind the tie-up.
Weill said accelerating momentum in fund formation and capital allocation was expanding demand for differentiated advisory solutions, particularly for general partners navigating fundraising and liquidity strategies.
Hodes added that access to Chatham’s technology and data infrastructure would support the firm’s next phase of growth, enabling broader service offerings across the investment lifecycle.
All Hodes Weill employees are expected to join Chatham upon completion of the transaction.
Advisers on the deal include Latham & Watkins and KPMG for Chatham, while Hodes Weill was advised by Goodwin Procter, Piper Sandler and Eisner Advisory Group.
