RIT Capital Partners plc, a London-based investment trust chaired by Lord Jacob Rothschild, has purchased a 37% share of Rockefeller Financial Services Inc.

The shares were previously held by Societe Generale Private Banking.

The partnership brings together two prominent names in the investing world. Both firms intend to collaborate on investment solutions and other areas of shared expertise, Rockefeller said in a press release.

With the equity purchase, RIT becomes a significant minority investor in Rockefeller Financial Services, the parent company of Rockefeller & Co. Inc.

The two will provide financial products and services to the clients of both firms. Rockefeller & Co. provides investment and wealth management services to a global client base of families, trusts, foundations, endowments and other institutions. It has $34 billion in client assets under administration.

Earlier in the year, RIT announced a partnership with Edmond de Rothschild Group through which the Rothschild Group acquired significant holdings in RIT.

"This partnership is based on the unique strengths and attributes of our respective businesses, creating new opportunities for our clients and investors and other stakeholders," said Reuben Jeffery III, CEO of Rockefeller & Co. "We look forward to working closely with RIT and Lord Rothschild as we continue to provide value-added financial products and services to our diversified client base."

-Karen DeMasters