The Financial Analyst’s Post

10 Partners in 10 Years! I am excited to announce that iM Global Partner has taken a non-controlling minority stake in London-based investment boutique Trinity Street Asset Management LLP (“Trinity Street”). As of 31 March 2024, Trinity Street had US$8.6 bn in assets under management. Jean Maunoury and his team have been monitoring Trinity Street Asset Management for many years now and have keenly observed how it has developed its investment capabilities. "Trinity Street's approach fits in very well with our philosophy, and its products are highly complementary to those of our existing Partners," says Jean. Founded in 2002, Trinity Street is a specialist independent investment firm managing active Global and International equity portfolios. It is committed to concentrated, long-term investing with a focused, style-agnostic approach. In addition to its London headquarters, Trinity Street has an office in New York and employs 25 professionals. The firm is led by an experienced team that has worked together cohesively for a long period of time and has delivered consistently superior returns for a diversified set of institutional clients globally. Welcome, team Trinity. We are excited to see the positive impact our partnership will have on both our firms. You can read the full press release here: https://lnkd.in/eDdTpqS8 #AssetManagement #InvestmentManagement #Markets #Equity #PrivateEquity #NewPartner #PeoplePerformance

I am excited to announce the arrival of our 10th Partner to our global network of active asset managers. iM Global Partner has taken a non-controlling minority stake in London-based investment boutique Trinity Street Asset Management LLP (“Trinity Street”), which had US$8.6 bn in assets under management as of 31st March 2024. "For a few years now, we have been actively looking for a Europe-based company to complement our network of nine high-quality investment firms. I am absolutely delighted to welcome Trinity Street Asset Management on board as our 10th Partner," says Philippe Couvrecelle, our founder and CEO. Founded in 2002, Trinity Street is a specialist independent investment firm managing active Global and International (Global ex-US) equity portfolios. It employs a disciplined, fundamental research approach to investing in companies undergoing positive structural changes that it believes are under-recognized by the market. In addition to its London headquarters, Trinity Street has an office in New York and employs 25 professionals. The firm is led by an experienced team that has worked together cohesively for a long period of time and has delivered consistently superior returns for a diversified set of institutional clients globally. You can read the full press release here: https://lnkd.in/e2DKxDmj #AssetManagement #InvestmentManagement #Markets #Equity #NewPartner #PeoplePerformance

While giants like Ardian and Lexington Partners claim the secondaries spotlight, smaller players are quietly making a splash in the lower end of the market. Case in point: CF Private Equity, the PE arm of asset management firm Commonfund, which earlier this month closed its fourth secondaries fund at $1.1bn, surpassing its $750m target. Despite the challenging fundraising environment for PE at large, the firm's latest fund demonstrates the continued appeal of secondaries as a diversification strategy and entry point into private equity for high-net-worth individuals and family offices. The vehicle, Commonfund Capital Secondary Partners IV, significantly outperformed its predecessor, which closed at $675m in 2021. Cari Lodge, global head of secondaries at CF Private Equity, recently shared with Secondaries Investor that the fresh capital is expected to be deployed within the next three years, focusing on small deals in the $5m-$15m range, primarily in the US and Europe. The firm believes that the small end of the secondaries market offers the most opportunities and inefficiencies, with sellers being less price-sensitive due to the smaller impact on their portfolios. Read the full interview: https://lnkd.in/gMAmTX5c #privateequity #PE #secondaries

Bridger Pennington explains the structure of Private Equity funds, brilliantly! According to him, the process should not be complicated! Here are the major moving parts: ✅ General Partner (GP): The one who manages the fund and directs the capital investments. You are responsible for making all strategic decisions. ✅ Limited Partners (LPs): These are your investors. They provide the capital but have limited liability and minimal decision-making power. ✅ Management Fees: New fund managers should avoid high management fees. Instead, focus on building trust and results before charging the typical 2%. ✅ Preferred Return (Pref): Set an 8% pref, ensuring your investors receive the first share of returns before the GP profits. ✅ Catch-Up: After the pref, you can allocate a small catch-up fee (e.g., 2%) to compensate yourself for managing the fund. ✅ Carried Interest (80/20 Split): Any returns above 10% are typically split 80% to LPs and 20% to the GP. This is where fund managers can maximize their earnings. ✅ Long-Term Strategy: Most PE funds operate with a 10-year lockup period, where businesses are acquired, scaled, and eventually sold to generate returns for investors. Bridger’s approach focuses on aligning interests between fund managers and investors while providing opportunities to maximize profits. 💡 Want to connect with other ambitious Private Equity fund managers and grow your network? Apply to join our Venture Network community today: https://lnkd.in/dPJxu2w4 #PrivateEquity #Funding #Investments #Innovation

I am excited to welcome our 10th Partner, Trinity Street Asset Management LLP (“Trinity Street”), to our global network of active asset managers! iM Global Partner is acquiring a non-controlling minority stake in London-based investment firm Trinity Street. After the transaction closes, the Trinity Street partners will continue to hold the substantial majority of the firm's equity and operate independently. This transaction is subject to FCA approval. Founded in 2002, Trinity Street is a specialist independent investment firm managing active Global and International equity portfolios. It employs a disciplined, fundamental research approach to investing in companies undergoing positive structural changes that it believes are under-recognized by the market. In addition to its London headquarters, Trinity Street has an office in New York and employs 28 professionals. The firm is led by an experienced team that has worked together cohesively for a long period of time and has delivered consistently superior returns for a diversified set of institutional clients globally. We have been monitoring Trinity Street for many years now and have keenly observed how it has developed while maintaining its entrepreneurial culture and independence, and delivering strong investment returns and services to its clients. We were notably impressed by the cohesion and calibre of their team. Its approach fits in very well with our philosophy, and its products are highly complementary to those of our existing Partners. Welcome Trinity Street and team to our global network of asset managers. You can read the full press release here: https://lnkd.in/eG2SFsE2 #AssetManagement #InvestmentManagement #Markets #Equity #NewPartner #PeoplePerformance

So, Hargreaves Lansdown, the firm that did more than any other to promote the Woodford Equity Income Fund, has finally been dragged, kicking and screaming, into the 21st Century. HL, says Dylan Lobo, has now "accepted that index-tracking funds are here to stay" and launched its own range of passive funds in conjunction with BlackRock. It's interesting to see the PR spin the company is putting on it. The new funds, says Chief Investment Officer Toby Vaughan, "are an easy cost-efficient solution for those looking to get started with investing. "They are part of our evolving strategy, which aims to expand and improve the range of investment options we provide to clients at all stages of their investment journey, from beginners to highly experienced investors." Translation: "Trackers are for clueless newbies. Investors who actually know what they're doing should carry on buying the same old active funds carefully selected by our research department." Leopards and spots 😩 #Investing #IndexFunds #ActiveManagement

I am excited to welcome our 10th Partner, Trinity Street Asset Management LLP (“Trinity Street”), to our global network of active asset managers! iM Global Partner is acquiring a non-controlling minority stake in London-based investment firm Trinity Street. After the transaction closes, the Trinity Street partners will continue to hold the substantial majority of the firm's equity and operate independently. This transaction is subject to FCA approval. Founded in 2002, Trinity Street is a specialist independent investment firm managing active Global and International equity portfolios. It employs a disciplined, fundamental research approach to investing in companies undergoing positive structural changes that it believes are under-recognized by the market. In addition to its London headquarters, Trinity Street has an office in New York and employs 28 professionals. The firm is led by an experienced team that has worked together cohesively for a long period of time and has delivered consistently superior returns for a diversified set of institutional clients globally. I have been monitoring Trinity Street for many years now and have keenly observed how it has developed while maintaining its entrepreneurial culture and independence, and delivering strong investment returns and services to its clients. We were notably impressed by the cohesion and calibre of their team. Its approach fits in very well with our philosophy, and its products are highly complementary to those of our existing Partners. Welcome Trinity Street and team to our global network of asset managers. You can read the full press release here: https://lnkd.in/eG2SFsE2 #AssetManagement #InvestmentManagement #Markets #Equity #NewPartner #PeoplePerformance

GP stakes investing is on the rise, but how does this strategy work? In a nutshell, it’s about making minority investments in private capital firms, or general partners (GPs), rather than in the funds they manage. The strategy can offer a unique way of realizing returns. Investors receive a portion of the GPs' management fees, may earn a part of the carried interest and stand to gain as the firm grows and increases in value. Find out more about GP stakes investing in our recent article. #PrivateMarkets #GeneralPartners #InvestorEducation

🔍 Dive into the world of private equity with our latest article on PE fund structures! 🏦 Written in collaboration with leading private funds attorneys Kristine M. Koren and Sarah Borden from Weil, Gotshal & Manges LLP, explore how limited partnerships form the backbone of PE firms, the roles of general and limited partners, and the legal and tax implications of these arrangements. Gain insight into how PE funds are structured to efficiently acquire, manage, and divest company stakes, leveraging fund managers' expertise to maximize investor returns. Ready to enhance your understanding of private equity funds? Check it out! 📈 🔗 Read more https://lnkd.in/d7dhG7su #PrivateEquity #FundStructures #InvestmentManagement #PrivateEquityInsights

Hightower Advisors invests in and onboards $3.3 billion Capital Management Group of New York, formerly affiliated with Equitable Advisors. Hightower’s Bob Oros and CMG’s Thomas Mingone comment. READ MORE: https://lnkd.in/esfJaQvD #mergersandacquisitions #WealthSolutionsReport #FinancialAdvisors #WealthManagement