---
title: "The estate committee of Microsoft co-founder Paul Allen sells its stake in an $11 billion asset management company"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/271981073.md"
description: "The Paul Allen Estate Council has sold its stake in Cercano Management. Cercano is part of Allen's private investment firm and has been fully owned by employees for the first time since its spin-off four years ago. The company will continue to manage the investment assets of the Allen Estate Council and the family foundation, currently managing approximately $10.5 billion in assets, covering public markets, private equity, and real estate"
datetime: "2026-01-08T20:36:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/271981073.md)
  - [en](https://longbridge.com/en/news/271981073.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/271981073.md)
generator: "portal-rs"
---

# The estate committee of Microsoft co-founder Paul Allen sells its stake in an $11 billion asset management company

The estate committee of Paul Allen has sold its stake in Cercano Management. The company was once part of the private investment firm of the Microsoft co-founder. This is the first time Cercano has been fully owned by employees since it was spun off from the Allen family office four years ago. The company will continue to manage investment assets on behalf of the Allen estate committee and family foundation. Currently, the company manages approximately $10.5 billion in assets, with investments spanning public markets, private equity, and real estate

## Related News & Research

- [Oil set for second weekly rise as unsettled US-Iran war crimps supply](https://longbridge.com/en/news/296555193.md)
- [IREN Just Passed Its Biggest AI Test as Microsoft and Nvidia Bet Billions](https://longbridge.com/en/news/296533962.md)
- [Trump Boosted INTC and DELL: Now He Says ‘Do Magnets’—Are MP and USAR Stocks Next?](https://longbridge.com/en/news/296591886.md)
- [Why Iovance Biotherapeutics Stock Hit 52-Week High](https://longbridge.com/en/news/296522969.md)
- [Broadcom Stabilizes After Google's $120 Billion Marvell Shock](https://longbridge.com/en/news/296529317.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**