Rosemont Investment Partners to facilitate broadening employee ownership at Boston Common Asset Management
BOSTON, MA – October 31, 2016 – Boston Common Asset Management, LLC (“Boston Common”), a pioneer in global sustainable investing, is pleased to announce that Rosemont Investment Partners, LLC (“Rosemont”) will assume a minority stake in the firm alongside employees to facilitate broader and deeper employee ownership over the long term. With notable positive support from clients and consultants, Boston Common continues on a path to building a durable, independent company that is best-positioned to serve its clients and its mission through Environmental, Social, and Governance (ESG) investing.
Rosemont is a boutique investment firm that specializes in taking long-term, minority stakes in investment firms, alongside senior management. With this transaction, Boston Common will also put in place a structure to ensure continuity and leave its people and processes unchanged, as the company sets a course for the long term.
“Rosemont is well-qualified to help us broaden equity across our team, and we will benefit greatly from their industry expertise,” said Geeta Aiyer, President and Founder of Boston Common. As the largest single equity owner, she will continue to be Chief Strategist and President—at the center of Boston Common.
“We believe that ESG investing will increasingly drive long-term shareholder value,” said Chas Burkhart, Founder of Rosemont. “Boston Common is a leader in ESG, and we are looking forward to partnering with them for years to come.” Both Boston Common and Rosemont see growing interest in ESG investing across institutional, ultra-high net worth, and retail channels.
About Boston Common Asset Management, LLC
Boston Common Asset Management is a women-led, sustainable investment manager dedicated to the pursuit of financial return and social change. Boston Common analyzes investment risks and opportunities from a broader perspective, because the firm believes understanding ESG factors is fundamental to valuing a company. Through active, engaged ownership, Boston Common seeks to improve companies’ practices and to advance the global dialogue toward a sustainable economy. Since its inception in 2003, Boston Common has built a strong investment record and has meaningfully improved corporate practices here and abroad.
About Rosemont Investment Partners, LLC
Rosemont Investment Partners, LLC is a specialist private equity firm focused exclusively on making investments in asset and wealth managers. Rosemont typically takes minority positions in support of management buyouts, recapitalizations, ownership transitions, and selected NewCos. In addition to providing capital, Rosemont leverages 30 years of advising and investing in asset management businesses. Boston Common is Rosemont’s 28th investment.