The management team of investment firm The RockCreek Group (RockCreek) is acquiring the 65 per cent of the firm currently owned by Wells Fargo, bringing management’s total ownership to 100 per cent.
This decision was made by senior management at both RockCreek and Wells Fargo and reflects their shared view that the transaction supports each firm’s strategic direction and the clients of RockCreek will be best served by a founder- and management-team-led ownership structure. The transaction is anticipated to be completed by the end of August.
RockCreek portfolio managers invest directly in emerging and frontier markets and alternatives, while its asset allocation teams manage the firm’s multi-asset class, OCIO and customised solutions. The firm is highly focused on the integration of environmental, social, and governance (ESG) and impact analysis across its sustainable portfolios to generate long-term profits. Over the last five years, RockCreek has increased the number of partners within the firm and doubled the firm’s assets from approximately USD7 billion to USD14 billion, as it has generated superior investment performance for its clients.
“This is truly an exciting time for RockCreek,” says Alan Greenspan, Former Federal Reserve Chairman and an Advisory Board Member of RockCreek. “Afsaneh and her team have done a splendid job leading RockCreek to its current position of strength in the marketplace.”
“We are confident that the broad-based independent ownership of our experienced team, coupled with our firm’s data-driven technology and innovative culture will ensure that we continue to preserve and grow our investors’ capital,” says Afsaneh M Beschloss, CEO and Founder of RockCreek. “We are proud of the long-term partnership with our clients and their trust in our team and remain committed to delivering superior performance.”
