Private equity investment firm Golden Gate Capital has acquired a majority equity interest stake in Aperio Group, a research-based investment management firm.
Upon closing, Aperio will continue to be led by its founders, Patrick Geddes, Chief Executive Officer and Chief Tax Economist, and Paul Solli, Chief Marketing and Strategy Officer. Geddes and Solli will each retain a significant ownership stake in Aperio.
Aperio designs and manages highly customised public equity portfolio solutions in separately managed accounts to meet the specific goals of advisors and their clients, specialising in three practice areas: Active Tax Management, Factor Tilts, and Socially Responsive Indexing/ESG. Through advanced processes, investor-focused portfolio construction research, and sophisticated technology, Aperio offers a level of customisation unmatched in the industry. The Firm was founded in 1999 and currently has USD27 billion in assets under management.
Geddes says: “The Aperio team is excited to partner with Golden Gate to continue executing on our core strategy of creating highly personalised portfolios for our extensive network of advisors and clients. After evaluating our options and holding extensive discussions, we became confident that Golden Gate is the right partner for Aperio. Golden Gate’s unique perpetual structure, as well as its emphasis on long-term relationships and desire to maintain Aperio’s culture, provides an excellent way for Aperio to continue serving its clients with the same level of customisation and consulting.”
Rob Little, a Managing Director at Golden Gate, says: “We have long admired the client-focused and customised solutions-oriented culture that Aperio has perfected over nearly 20 years. Patrick, Paul, and the entire Aperio team have built an unparalleled model in asset management and client service. We are thrilled to support them as they continue to build their business by emphasising low-fee, tax-aware solutions supported by top-notch client service, customisation, and consulting support.”