Assets, Leverage at McKinsey’s Internal Fund Jump

The consulting firm’s investment arm hit $33 billion in gross assets last year.

Kevin Sneader, global managing partner of McKinsey & Co. (Paul Miller/Bloomberg)

Kevin Sneader, global managing partner of McKinsey & Co.

(Paul Miller/Bloomberg)

MIO Partners, the investment subsidiary of global consultancy McKinsey & Co, had a 19 percent jump in net assets last year, along with a slight increase in leverage.

Net assets managed by MIO, which is at the center of McKinsey’s bitter legal dispute with restructuring pioneer Jay Alix, rose $2.9

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