Foundry Partners Becomes 100% Employee Owned 

Conshohocken, PA, December 6, 2021 – Rosemont, a private investor in employee-owned asset and wealth management firms, announces the sale of Rosemont Partners III, LP’s minority equity interest in Foundry Partners, an institutional asset management boutique with approximately $3.1 billion in assets under management and advisory as of September 30, 2021. Foundry acquired Rosemont’s stake as the final stage in a years-long strategy to become 100% employee owned for the first time in its history.

Foundry was founded in 2013 through a Rosemont-backed management buyout from Fifth Third Asset Management and has since established itself as a leading boutique provider of domestic value equity strategies. Rosemont initially provided funding and organizational assistance for the MBO, and in the years since, has provided strategic insight to help with areas such as acquisitions, business development, operations, contract negotiation, and product strategy. Moreover, the structure of the partnership allowed Foundry management to increase its equity ownership over time based on the achievement of certain financial milestones, paving the way for the purchase of Rosemont’s remaining stake.

“Rosemont got us started,” said Timothy P. Ford, President and CEO of Foundry Partners LLC. “Their knowledge and support helped us navigate the exit from Fifth Third Asset Management and land on our feet, and we’ve since proven our ability to successfully manage the business and serve our clients. Rosemont has also provided valuable advice through the years, helping us with acquisitions, product strategy, and a number of other topics.”

“We have enjoyed a long and productive relationship with Foundry over the past eight years,” said Brad Mook, Managing Director at Rosemont. “It is gratifying to see the company reach this milestone and is a testament to Foundry’s entrepreneurialism and the strength of its client relationships. As specialized partners to successful employee-owned investment firms like Foundry, we support the company’s desire to be 100% employee-owned and wish it well in the future.”

The transaction represents the third realization for Rosemont Partners III, LP in 2021.


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

About Foundry Partners LLC

Foundry Partners LLC maintains offices in Minneapolis, MN and Cleveland, OH with 20 employees, 17 of which are partners. We offer our clients active value and growth investment strategies. As of September 30, 2021, the firm had $3.13 billion in total assets with $2.86 billion in discretionary assets and $273 million in in model-based/non-discretionary assets.


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Mary Victoria Falzarano
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Wealth Matters Consulting
(561) 578-0697