Partners Capital (Ofer Abarbanel online library)

Partners Capital Investment Group, LLC is an Outsourced Investment Office (OCIO) that serves endowments, foundations, pensions, investment professionals, and high-net-worth families in Europe, North America and Asia. As of June 2020, the 190-person firm had in excess of $30 billion in assets under management.[5][6]

Overview

Partners Capital acts as the OCIO to endowments, foundations and high-net-worth private clients.[5][7] Its private clients are primarily money managers, including senior partners and founders of investment firms.[6][8] The firm was founded in London in 2001 by Stan Miranda and Paul Dimitruk. Since its inception, the firm has grown from $10 million in assets to over $30 billion in 2019.[5][6] Today, the firm has offices in Boston, New York, San Francisco, Paris, Singapore and Hong Kong, in addition to London, and has 190 employees.[6]

The firm invests exclusively with unaffiliated managers with which it shares no economics. It is the firm’s belief that the OCIO’s role should be entirely separate from the role of managing assets.[9][10]

Partners Capital has commented publicly about the need for the ”Yale Model” of endowment investing to evolve to reflect key lessons of the global financial crisis.[11]

Notable Clients

Partners Capital has clients globally. Notable European institutional clients include individual colleges at Cambridge and Oxford Universities, Eton College, INSEAD, the Royal Academy of Arts, the National Gallery Trust, The Victoria and Albert Museum, Guy’s and St. Thomas’ Charity.[12]

Notable US institutional clients include the Research Foundation for the State University of New York’s University System,[13] Syracuse University,[14] Milton Academy,[15] the Berkshire School, the Los Angeles Museum of Contemporary Art and the Cancer Research Institute.[16]

Founders

Prior to Partners Capital, Stan Miranda was a partner at Bain and Company, specializing in private equity.[17][18] Paul Dimitruk was a co-founder, chairman and CEO of asset manager Pareto Partners and prior to that a partner at Investcorp, where he specialized in private equity.[8][19]

References

  1. ^ Jump up to:ab “Partners Capital Opens West Coast Office”. Partners Capital (Press release). 12 December 2018. Retrieved 23 September 2020.
  2. ^“Partners Capital Opens Paris Office”. Partners Capital (Press release). February 4, 2019. Retrieved 23 September 2020.
  3. ^ Jump up to:ab “Arjun Raghavan new CEO of Partners Capital”. Partners Capital (Press release). 6 July 2020. Retrieved 23 September2020.
  4. ^“Team”. Partners Capital. Retrieved 23 September 2020.
  5. ^ Jump up to:ab c Leanna Orr, “OCIO Industry Snaps Up Another Elite E&F Alum,” Chief Investment Officer, January 19, 2016.
  6. ^ Jump up to:ab c d “About the Firm,” Company Website, retrieved March 2, 2016.
  7. ^“Endowments steal a march on pension funds,” Global Investor Magazine, June 9, 2005.
  8. ^ Jump up to:ab Drew Carter, “Institutional assets growing at Partners; Wealth manager uses circle of friends to boost endowment, foundation business,” Pensions & Investments, November 30, 2009.
  9. ^Danielle Levy, “Wealth Manager: Stan Miranda of Partners Capital on the rise of the private investment office,” Citywire, January 20, 2011.
  10. ^Mike Foster, “How to win friends and affluent people,”Financial News, June 1, 2010.
  11. ^“Advancing the Yale model to reflect new market dynamics,”Pensions & Investments, February 22, 2016.
  12. ^“Meet Paul Dimitruk of Partners Capital Investment Group in Financial District – Boston Voyager Magazine | Boston City Guide”. Retrieved 2017-11-10.
  13. ^Brooke Masters, “Cambridge endowments buoy Partners,”Financial Times, June 8, 2009.
  14. ^Horvath, Jennifer (February 4, 2020). “Syracuse University Selects Partners Capital as New Outsourced Chief Investment Officer”. SU News. Retrieved 23 September 2020.
  15. ^Cathleen Everett, “Behind the Humming Sound at Milton: The Answers in Dollars and Sense,” Milton Magazine, October 7, 2015.
  16. ^“Partners Capital pushes into Asia,” Financial News, October 3, 2011.
  17. ^John Arlidge, “The New Banks that Cost You £25M to Join,”London Evening Standard, December 7, 2007.
  18. ^“The GPs’ GP heads east,” Private Equity International, November 1, 2010.
  19. ^“Paul Arthur Dimitruk,” Bloomberg News, retrieved March 2, 2016.

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Ofer Abarbanel online library

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Ofer Abarbanel online library