January 25, 2024
In this episode of the Global Investment Leaders podcast, Rosemont’s Brad Mook sits down with Todd Briddell, chief executive officer and chief investment officer of CenterSquare Investment Management. CenterSquare is an employee-owned global real estate investment firm founded in 1987, managing over $14 billion in equity capital. The firm operates domestically and globally and offers a range of solutions for institutional investors.
During the conversation, Briddell sheds light on CenterSquare’s evolution and how they navigated functional and ownership succession through a sale of the firm, a management buyout and rebranding.
Specifically, Briddell and Mook discuss:
- CenterSquare’s commitment to thematic investing, bringing a macro view to the table, and the importance of a client-first mentality to meet client needs effectively.
- CenterSquare’s ownership journey, starting as a founder-owned entity, being acquired by BNY Mellon in 2006, and executing a management buyout in 2018.
- Details on the ownership structure post-management buyout, emphasizing inclusivity and the participation of a larger group of individuals.
- CenterSquare’s strategic position between large corporate-owned firms and smaller, founder-led entities.
- The significance of cross-fertilization within the organization and how teams are brought together to prevent silos.
Overall, the conversation offers valuable insights into CenterSquare’s unique trajectory and broader lessons for small and mid-size firms seeking sustainable growth and strategic positioning in today’s evolving landscape.
All Global Investment Leaders podcast episodes are available on Apple Podcasts, Spotify, Google Podcasts and more. Access episodes as soon as they release by subscribing today.
January 8, 2024
Conshohocken, PA, January 8, 2024 – Rosemont Investment Group, LLC (“Rosemont”) is pleased to announce that Chris Banholzer has joined Rosemont as Director of Investments. Chris will lead research on industry best practices and trends, engage with Rosemont’s investment partners, assist with due diligence and support Rosemont’s internal operations.
Chris joins Rosemont from RAJ Capital Management (“RAJ”), a single-family office where he was Senior Director of Operations. At RAJ, Chris contributed cross-functionally to multiple investment businesses, alternatives and real estate portfolios and led a number of strategic projects.
Prior to joining RAJ, Chris was an Associate on the investment team at Nuvest Ventures, a boutique investment and advisory firm. Chris also spent over three years at Apollo Global Management, Inc., within the Insurance Solutions Group (formerly Athene Asset Management), where he focused on the analysis and execution of annuity, pension and life insurance mergers & acquisitions for Athene Holding Ltd. Chris began his career as an investment banking analyst at Drexel Hamilton, providing advisory and capital raising services to emerging growth businesses across several industries. Chris holds a Bachelor of Science in Economics from the College of Charleston.
“We are thrilled to add Chris to the Rosemont team,” said Brad Mook, Managing Director at Rosemont. “His family office background and knowledge of the investment ecosystem will enhance the value we provide our investment partners. Chris is a high-character individual whose patient, relationship-oriented, alignment-seeking approach matches our own. I have no doubt that Chris will have positive impact.”
“Rosemont has carved a tenured niche as a supportive partner to employee-led investment firms,” said Chris Banholzer, “and its indefinite horizon and structural alignment with its partners is unique. Rosemont is building something special, and I am excited to join the team.”
About Rosemont
Rosemont is a specialist investor exclusively focused on a select number of partnerships with high-quality, employee-owned asset and wealth management companies. Rosemont acquires permanent minority equity positions in support of management buyouts, recapitalizations, ownership transitions, and selected start-ups. In addition to its experience providing capital and employee-driven ownership solutions, Rosemont leverages its deep network and knowledge of the investment management industry developed through more than 30 years of advising and investing in asset and wealth management businesses. For more information, visit www.rosemontinv.com.
December 20, 2023
In this special year-end episode of the Global Investment Leaders podcast, Rosemont CEO Chas Burkhart and Rosemont Managing Director Brad Mook sit down to reflect on the industry trends and developments they observed this year. 2023 marks five years with Markel as the firm’s permanent capital provider, and Rosemont has evolved from a legacy PE fund structure to a permanent capital approach. Brad and Chas discuss the benefits of long-term sustainability in contrast to the traditional exit-focused models.
Specifically, they discuss:
- The unique relationship they’ve built with Markel since beginning their relationship five years ago and the importance of alignment and shared values in a partnership.
- The evolving motives and agendas shaping investment decisions, emphasizing the importance of patience and understanding in fostering successful, long-term relationships.
- The industry focus on volume and valuation, and Rosemont’s views on measuring success beyond traditional metrics.
- The state of the marketplace, opportunities in wealth management alternatives and the role of smaller players in the industry.
- How Rosemont has continued to refine the characteristics and values that make potential partners a good fit.
Burkhart and Mook also share exciting firm updates, including the addition of new team member Chris Banholzer, as well as a pending investment.
All episodes of the Global Investment Leaders podcast are available on Apple Podcasts, Spotify, Google Podcasts and more. Receive the episodes as soon as they premiere by subscribing today.
November 27, 2023
In the latest episode of the Global Investment Leaders podcast, Chas Burkhart, CEO of Rosemont, sits down for a conversation with Kane Brenan, CEO of TIFF Investment Management. TIFF offers outsourced CIO (OCIO) and private equity investment solutions primarily to endowments, foundations, and other charitable organizations, and manages or advises on $8 billion in assets*. The conversation between Chas and Kane revolves around TIFF’s structure, investment philosophy and the challenges and opportunities in the industry.
Throughout this episode, Kane and Chas discuss:
- Differentiators in the Competitive OCIO Space: The three main differentiators that set TIFF apart in this field
- Leadership Approach: His approach to his role as CEO and how he divides his time between strategy and direction, team development and mentoring, client engagement and investment activities
- Long-Term and Short-Term Strategy: TIFF’s evolving short-term and long-term strategies and how they meet the needs of their diverse client base
- Transition to Employee Ownership: TIFF’s conversion to an employee-owned public benefit limited liability company, the benefits from the conversion and how it cultivates a more forward-looking company culture to attract talent
- Equity, Active Returns, and Illiquidity: The importance of equity as a cornerstone of portfolios, the value of active returns and the role of illiquidity in investments, particularly in private equity and venture capital markets
- Sales, Marketing and Client Service: The often-overlooked role of sales, marketing, and client-facing positions within the OCIO industry
All episodes of the Global Investment Leaders podcast are available on Apple Podcasts, Spotify, Google Podcasts and more. Receive the episodes as soon as they premiere by subscribing today.
*As of June 30, 2023, TIFF managed approximately $8 billion, including committed capital, on behalf of its members.
October 24, 2023
In the latest episode of the Global Investment Leaders podcast, Brad Mook, managing director of investments at Rosemont, sits down with Phillip Cook, managing partner and chief investment officer of SouthernSun Asset Management. SouthernSun is an employee-owned boutique equity manager based in Memphis, Tennessee, with just over $1 billion in concentrated U.S. small and mid-cap strategies. The firm was founded in 1989 by Phillip’s father, Michael Cook, and has maintained the same philosophy and process since the very beginning.
During the discussion, Phillip openly shares insights and anecdotes from his career at SouthernSun, recalling both the missteps and successes he faced along the way. He also speaks on the decades of strategy and planning that culminated in SouthernSun becoming entirely employee-owned and successfully transitioning leadership of the firm across generations – both notable achievements.
Throughout this episode, Brad and Phillip discuss:
- SouthernSun’s unique investment-sourcing approach, which involves hands-on research, site visits and an in-depth understanding of an industry’s value chain.
- SouthernSun’s ownership history and the thought process behind the firm’s decision to buy itself back from AMG in 2020 to become 100% employee-owned.
- The importance of trust and transparency in building authentic relationships with coworkers, management teams, clients, prospects and industry experts.
- SouthernSun’s distinct approach to investing and why it remains focused on U.S. small and SMID-cap strategies.
- The recent management changes at SouthernSun and how the firm navigated the challenges associated with succession planning.
All episodes of the Global Investment Leaders podcast are available on Apple Podcasts, Spotify, Google Podcasts and more. Receive the episodes as soon as they premiere by subscribing today.
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