The 48-year-old company was founded by Dennis Tito as an investing technology firm in the early 1970s. As the firm grew, it quickly expanded into investment data, advisory and management services.
Wilshire Associates is the creator of the Wilshire 5000 Total Market Index, more commonly known as the Wilshire 5000. The index is one of the broadest measures of the U.S. stock market, tracking all stocks actively traded in the country, weighted by market capitalization.
“The foundations Wilshire has built over the last five decades provide a highly compelling opportunity from which to accelerate growth for its clients and the firm,” said CC Capital Partners’ Chu.
Tito, 80, will step down as Wilshire’s chief executive and chairman upon the deal’s close, as will John Hindman, the company's president and vice chairman.
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