CONSHOHOCKEN, PA, March 4, 2019 – Rosemont Investment Group, LLC is pleased to announce that Brad Mook has joined Rosemont as Managing Director, and head of due diligence, financial modeling, and research. His responsibilities will include sourcing, evaluating, and overseeing portfolio investments alongside CEO Chas Burkhart.
Brad comes to Rosemont from SEI where he served as Director of Manager Research. His experience conducting and overseeing manager selection and due diligence across multiple asset classes provides a solid foundation on which to build and support Rosemont’s portfolio.
“I have known and respected Brad for years. He will be a very valuable addition to the team immediately and for years to come,” said Chas Burkhart.
Before arriving at SEI in 2009, Brad spent 15 years as a sell-side analyst and director of research at various firms, performing industry, business, financial, and valuation analysis on a wide range of investment opportunities. He is a CFA charterholder and holds a BA in Political Economy from Williams College.
“Rosemont is well-known in the investment industry as a high-quality, value-adding equity partner. I look forward to joining Chas and the team and enhancing Rosemont’s efforts,” said Brad Mook.
About Rosemont Investment Group, LLC
Rosemont is a specialist investor focused exclusively on making investments in asset and wealth management companies. Rosemont seeks minority positions in support of management buyouts, recapitalizations, ownership transitions, and selected start-ups. In addition to its experience providing capital, the Rosemont team will bring to its partners a deep understanding of the investment management industry through more than 30 years of advising and investing in asset and wealth management businesses.
RICHMOND, VA, June 4, 2018 — Markel Corporation (“Markel”) (NYSE: MKL) and Chas Burkhart announced today the formation of Rosemont Investment Group, LLC, (“Rosemont”), a company established to provide permanent capital solutions to asset and wealth management firms.
The newly formed Rosemont will build on the history of Rosemont Investment Partners, LLC, a private equity fund manager founded and operated by Chas Burkhart. Over the past 18 years, Rosemont Investment Partners, LLC, has made 30 investments across all facets of the investment management industry. Going forward, all fund activities and assets of Rosemont Investment Partners, LLC, will remain under their current structure. Additional terms were not disclosed.
Headquartered in Conshohocken, Pennsylvania, Rosemont will specialize in providing capital to high quality asset and wealth management businesses considering internal recapitalizations, generational transfers, management buy-outs, spinouts, selected new company formations, and other unique transactions. Additionally, Rosemont will provide significant value-add to its partners, as appropriate, through its sounding board approach and expertise on key aspects of the investment management business including competition, marketing and distribution, valuation, compensation architecture, and other critical business issues.
Chas Burkhart, Rosemont’s founder and CEO, said, “I am thrilled to be in business with Markel. They bring a superb reputation, substantial capital, and a very similar culture and investment orientation. I’ve been working on the best way to establish a permanent capital business for some time, and the partnership with Markel brings everything we need and value.”
Markel, through its subsidiary Markel Ventures makes long term investments in high quality companies. “When first introduced to Chas and his team, we were immediately impressed by their depth of knowledge and reputation within the investment management industry”, said Tom Gayner, Co-CEO, Markel Corporation. “Markel has been in and around asset and wealth management firms for a long time, and we’ve seen firsthand the challenges faced by the entrepreneurs that built them. With Rosemont, we now have the ability to create the enduring solutions needed by those organizations to allow them to serve their clients for generations to come.”
About Rosemont Investment Group, LLC
Rosemont is a specialist investor focusing exclusively on making investments in asset and wealth management companies. Rosemont seeks minority positions in support of management buyouts, recapitalizations, ownership transitions, and selected start-ups. In addition to its experience providing capital, the Rosemont team will bring to its partners a deep understanding of the investment management industry through nearly 30 years of advising and investing in asset and wealth management businesses.
About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company’s principal business markets and underwrites specialty insurance products. In each of the Company’s businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value.
Through its subsidiary Markel Ventures, Markel makes investments in businesses that operate outside of the insurance marketplace. The Markel Ventures businesses operate with a high degree of autonomy and have the shared goal of positively contributing to the long-term financial performance of Markel Corporation.
Visit Markel Corporation on the web at markelcorp.com.