December 28, 2017
CONSHOHOCKEN, PA, December 28, 2017 – Rosemont Investment Partners, LLC, a specialist private investor in the asset and wealth management communities, is pleased to announce that it has made a 20% equity investment in Martingale Asset Management, L.P. as a Limited Partner. Martingale is a Boston-based equity investment management firm with approximately $8 billion under management. For 30 years, Martingale has served institutional clients with a broad array of investment strategies.
Said Chas Burkhart, Rosemont’s founder: “We have admired Martingale for years, and are excited to have the opportunity to invest in their business. They are a very well run firm, and their investment capabilities are well suited to meet the needs of sophisticated institutional investors.”
Said Alan Strassman, Martingale’s Chairman: “Rosemont is an ideal partner to assist us in the transition to a second generation of owner-managers. As our founding partners reach retirement age, we are pleased that Martingale will continue to be an independent investment firm able to maintain its long tradition of deep employee ownership.”
Morgan, Lewis & Bockius LLP represented Rosemont in connection with the investment, and Martingale was advised by a team from Choate, Hall & Stewart LLP.
About Martingale Asset Management, L.P.
Martingale Asset Management, L.P., founded in 1987, is an independent equity manager distinguished by thought leadership and innovation to serve sophisticated institutional investors. Martingale’s expertise has included active completeness funds, long/short and equity market neutral portfolios, market extension (130/30) equity portfolios, and low volatility equity strategies.
April 13, 2013
LARKSPUR, CA, April 3, 2013 – Litman Gregory Asset Management announced today that effective April 1, 2013, it has received a minority investment from boutique private equity firm Rosemont Investment Partners, LLC. Rosemont provides strategic capital to asset management businesses. Rosemont’s investment will be used to help effect a broader succession plan that will allow Litman Gregory to remain independent for the long term, and to consolidate ownership of affiliate company Litman Gregory Fund Advisors under Litman Gregory Asset Management. There will be no changes to Litman Gregory’s management team or to its research-driven and client-focused culture, and Rosemont’s investment will be subsequently repurchased by Litman Gregory.
“We chose Rosemont after due diligence that included talking to many of their competitors and many of the firms they’ve invested in,” said Steve Savage, Litman Gregory managing partner. “It became clear that they differentiate themselves from other private equity firms by first and foremost seeking to be aligned with our objectives at all times. They bring significant industry expertise and an extensive network that we can draw on, but will be entirely hands-off in terms of how we run our business.”
“We are pleased that Litman Gregory’s succession planning objectives afforded us the opportunity to invest in a premier business. They have a great reputation for serving all their clients through high quality, independent research,” said Chas Burkhart, Rosemont’s founder. “We’ve come to know and respect the investment and business acumen of the Litman Gregory team and are looking forward to partnering with them.”
About Litman Gregory
Since 1987, Litman Gregory Asset Management, LLC has been constructing globally diversified portfolios for clients that include individuals, families, foundations, and endowments. Litman Gregory has three additional businesses that draw on the same underlying investment research: The Litman Gregory Masters Funds (a family of multi-manager equity and alternative strategies mutual funds); Litman Gregory Portfolio Strategies (globally diversified investment portfolios offered to advisors through leading turn-key asset management platforms); and Litman Gregory AdvisorIntelligence (a web-based asset class and manager research service for investment professionals). In total, Litman Gregory manages approximately $8 billion*. For more information on Litman Gregory visit www.litmangregory.com.
About Rosemont Investment Partners
Rosemont Investment Partners, LLC is a specialist private equity firm focused exclusively on making investments in asset managers. Rosemont was formed in May 2000 to provide capital to fund management buyouts, recapitalizations, and selected start-ups in the asset management industry. In addition to providing capital, the principals of Rosemont assist management in growing their companies by leveraging their decades of experience in advising asset management businesses.
*The Litman Gregory companies that manage assets include Litman Gregory Asset Management, LLC and Litman Gregory Fund Advisors, LLC. The asset values for the period are based on information available as of 12/31/12.
Mutual fund investing involves risk, loss of principal is possible.
September 27, 2007
CHICAGO, IL and BELLEVUE, WA, September 27, 2007 – Sparta Asset Management, LLC (“Sparta” or the “Company”) announced its launch today as a registered investment adviser specializing in the management of small cap growth equities for institutional clients. The principals of Sparta are all former employees of Oppenheimer Investment Management LLC, a wholly-owned subsidiary of Oppenheimer & Co., Inc. In addition to the entire small cap growth investment team, the principals include tenured executive management, sales, client relations and trading professionals. Sparta Asset Management, LLC, is structured as a private partnership in which the key professionals have majority equity ownership. Private equity firm Rosemont Investment Partners, LLC is a minority stakeholder in the new firm.
Neal Wilkinson leads Sparta as its Chief Executive Officer with over 15 years of executive management and sales & marketing experience. Neal previously served as Managing Director of Institutional Sales for Oppenheimer Investment Management, LLC. “Having worked with the Sparta team for many years, I am confident in our ability to generate outstanding investment results and align our interests with those of our clients” says Mr. Wilkinson. Neal leads the Chicago office for Sparta which is responsible for sales, marketing and client service functions. Neal is joined by longtime colleagues Mark DeVincentis who shares marketing and client services responsibilities and Sue Gurney as Chief Operating Officer.
Sparta’s Chief Investment Officer, Ryan Carr leads the Bellevue, WA-based investment team, which includes Kerry Wate, CFA, Tim Vediz and Alexis Takacs. Mr. Carr is the architect and leader of the small cap growth investment process that has generated outstanding returns relative to its peers and the Russell 2000 Growth Index since 1996. “Our team has worked together closely on this product for many years and we are excited to continue our commitment to a disciplined investment process as part of an independent firm” states Mr. Carr. Mr. Wate, a Managing Director, brings over 15 years of investment experience to the team.
Sparta manages assets for institutional clients including Taft-Hartley, public, corporate and foundation & endowment plans. In addition, the Company will soon be launching a collective trust vehicle for clients seeking daily NAV and liquidity at smaller minimum account levels.
About Rosemont Investment Partners, LLC
Rosemont Investment Partners, LLC as general partner to Rosemont Partners II, L.P. provided funding and organizational assistance for the new firm’s launch and will provide ongoing strategic insight to the Company as a board member and partner with management. “We’re excited to have the opportunity to partner with such a dynamic and motivated group of professionals. We believe that the Sparta team will thrive as an independent, employee-owned boutique,” stated David Silvera, Managing Director, Rosemont Investment Partners, LLC.
June 26, 2006
ATLANTA, GA, June 26, 2006 – Perimeter Capital Management LLC announced its launch today as a registered investment adviser specializing in the management of small and small-to-mid (SMID) cap equities for institutional clients. The principals of Perimeter Capital are former employees of Trusco Capital Management, a wholly-owned subsidiary of SunTrust Banks, Inc. (NYSE: STI). In addition to the entire small cap growth investment team, the principals represent tenured executive management, sales, client relations and trading professionals. Perimeter Capital Management, LLC, is structured as a private partnership in which the key professionals have majority equity ownership. Private equity firm Rosemont Investment Partners LLC is a minority stakeholder in the new firm.
Bradley Ball will lead Perimeter Capital as Chief Executive Officer. Ball, who brings over 20 years of executive management experience to Perimeter, previously served as Executive Vice President, Director of Sales & Marketing and a member of the executive committee at Trusco Capital Management. “I am excited to be leading such a talented team complete with a successful investment track record and comprehensive experience in trading, compliance, sales and marketing. Perimeter’s structure will provide our professionals with the advantage to focus upon aligning the goals of clients, their intermediaries and our firm,” states Ball.
Perimeter Capital’s Chief Investment Officer, Mark D. Garfinkel, CFA, will lead the investment team, which includes Jim Behre, Patrick Kirksey, Carrie Tallman and Adam Stewart, CFA. Together, they will continue to execute their diversified small cap growth investment discipline as they have for the past seven (7) years. Led by Garfinkel with his 16 years of investment experience, the group was most recently responsible for managing over $2.8 billion in small cap growth assets for Trusco Capital, including the STI Classic Small Cap Growth Fund. “We are an extremely close-knit team that shares a strong work ethic and passion for small cap growth equity investing,” comments Garfinkel. Behre, Perimeter’s Director of Research, brings over 20 years of investment experience and will serve as lead analyst on the small cap growth discipline. In addition, Adam C. Stewart, CFA brings over 10 years of trading and operations experience to his role as Perimeter’s Director of Trading and Chief Compliance Officer. Stewart most recently served as Head of Trading at Trusco Capital.
Christopher J. Paolella, a 20-year veteran of institutional sales and marketing, will serve as Perimeter’s Director of Marketing & Consultant Relations. Theresa N. Benson brings over 13 years of investment industry experience to her role as Director of Third-Party Distribution & Client Relations for the new firm. Both Paolella and Benson served in similar roles at Trusco Capital and will be supported by marketing manager Steven C. Budde.
About Rosemont Investment Partners, LLC
Rosemont Investment Partners, LLC provided funding and organizational assistance for the new firm’s launch and will provide ongoing strategic insight to the Company as a board member and partner with management. “This is a group of professionals who have already proven how well they work together. In the independent, employee-owned structure forged at Perimeter Capital, we are confident that they will become even more successful,” stated David Silvera, Managing Director, Rosemont Investment Partners, LLC.
March 17, 2006
HUNTINGTON BEACH, CA, March 17, 2006 – Allegiance Capital announced today the formation of Allegiance Capital Customized Investments, an independent investment advisor focused on providing customized investment solutions to corporate and institutional clients, including foundations and endowments. Allegiance Capital Customized Investments is located in Radnor, Pennsylvania and utilizes the infrastructure and back office operations of Allegiance Capital. Allegiance Capital was founded in 1988 as a fixed income investment specialist and manages over $5 billion of fixed income investments for institutional and individual clients. Says Mark Torline, President of Allegiance Capital, “As fixed income specialists ourselves, we recognize the need for the Customized Investments team’s approach to its clients’ needs.”
The Customized Investments team is led by Andrew Zimmerman and Christopher Krein, and includes Christopher Gunster, Lawrence Benedetto, Joseph Broscius and Jeanne Pattalino, all of whom had worked together at Wachovia/Evergreen Investments. The team manages accounts free of style-box constraints, focusing instead on client-specific needs including cash flow matching, asset/liability management, yield enhancement, total return, after-tax book income, enhanced index products, and other customized client requirements. “We believe that as part of a smaller, more focused investment boutique with significant ownership in the firm, we can provide customized, client-focused investment solutions, deliver unparalleled service, and foster enduring client relationships while aligning our interests with our clients,” said Mr. Krein.
Allegiance Capital Customized Investments is an autonomous operating business unit owned by the management team and Allegiance Capital. In addition, the unit received operating capital from Rosemont Investment Partners, LLC, a private equity firm focused exclusively on the investment management industry, in exchange for a minority stake.
June 20, 2005
NEW YORK, NY, June 20, 2005 – Allianz Global Investors AG (NYSE:AZ), one of the world’s largest asset managers and a subsidiary of Allianz AG, announced today the sale of Cadence Capital Management LLC, an institutional equity manager based in Boston, MA with $6 billion in assets under management. According to terms of the agreement, executives of Cadence Capital will increase their current minority position to a controlling interest in the firm. Rosemont Investment Partners LLC, a private equity firm based in West Conshohocken, Pennsylvania, will provide the equity capital and become the sole outside shareholder in Cadence.
As part of the agreement Cadence Capital, which was established in 1988, will continue to manage over $2.4 billion of assets as a sub-adviser to four Allianz mutual funds.
“This sale is the right decision for both Allianz Global Investors and Cadence Capital Management, completing a plan we made some years ago,” said Joachim Faber, CEO of Allianz Global Investors. “It allows us now to further focus our activities on our core group of investment managers, while providing for a level of continuity in the management of those mutual funds subadvised by Cadence.”
“We’re excited about the prospects of becoming an independent, management-controlled investment firm and we are delighted to continue our partnership with Allianz,” said Cadence Capital CEO Mike Skillman. “This agreement allows us to stay focused on the needs of our institutional clients while benefiting from the relationship and mutual fund distribution prowess of Allianz Global Investors.”
About Allianz Global Investors
Allianz Global Investors offers access to the institutional expertise of the Allianz-owned investment firms, including PIMCO, NFJ Investment Group, Oppenheimer Capital, RCM, Nicholas-Applegate and PEA Capital. With more than $1 trillion under management, Allianz Global Investors is one of the world’s leading asset management companies. Our investment solutions — including mutual funds, managed accounts and closed-end funds — represent a broad spectrum of asset classes and investment styles. For more information please visit www.allianzglobalinvestors.com
The Allianz Global Investors logo can be found at http://www.primezone.com/newsroom/prs/?pkgid=1679
About Cadence Capital Management
Cadence Capital Management is a management-led firm offering US growth equity portfolios across the market capitalization range through separate accounts and mutual funds. The company, based in Boston, Massachusetts, has $6 billion in assets under management and distributes its institutional products under the Cadence name while serving as the sub-advisor to several mutual funds under the Allianz name. For more information please visit www.cadencecapital.com
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