CONSHOHOCKEN, PA, October 5, 2000 – Robert W. Mathai and Ronald B. Saba announced the formation today of a new asset management company, Charlotte Capital, LLC. Led by Mathai and Saba, Charlotte Capital is comprised of the former employees of Capital Technology, Inc., and is focused on providing small and small-mid cap value equity investment products mainly to institutional clients.
Upon its formation, Charlotte Capital will have approximately $240 million in assets under management and seven full-time employees, all of whom will hold equity in the Company. “We believe that the broad distribution of equity is the best tool for motivating our team and aligning our interests with those of our clients – when a client calls our office, there is a 100% chance that the call will be answered by an owner,” said Mathai.
Ronald B. Saba, CFA, (39) will lead the investment efforts of the firm. Ron joined Capital Technology in December of 1998 from Pioneer Investment Management where he led their micro and small cap value products. Prior to that he was a Principal and Portfolio Manager at Heartland Advisors. Robert W. Mathai, CFA, (39) will manage the day-to-day operations of the firm. Rob was at Capital Technology for over 14 years serving in a variety of roles, most recently as Chief Operating Officer.
Charlotte Capital received financial backing from West Conshohocken, PA-based Rosemont Partners I, L.P., which provided capital for purchasing the stock of the retiring President of Capital Technology, Robb W. Rowe. “We have found the ideal partner for our firm in Rosemont. They bring a wealth of strategic insight and industry knowledge to our firm. This knowledge coupled with our proven capabilities in the small value area will be a winning combination for both our existing and future clients,” said Saba.
Rosemont Partners is a merchant bank focused on providing strategic capital to compelling teams and firms in the asset management industry. Rosemont is led by Chas Burkhart, the founder of Investment Counseling, Inc., a leading strategic consultant to asset management firms worldwide. “We have come to know and respect the team at Capital Technology for years and are excited to partner with management to make Charlotte Capital a premiere, focused investment firm for its clients and employees,” said David Silvera, Managing Director of Rosemont Partners, LLC, the General Partner of Rosemont Partners I, L.P. “The team is lean, motivated and highly competent – they offer a potent combination of investment talent, management capability and solid infrastructure to the institutional marketplace,” noted Silvera.
The sponsorship of Charlotte Capital’s management buyout marks the inaugural transaction for Rosemont Partners I, L.P.