Company type | Private |
---|---|
Industry | Finance and insurance |
Founded | 1984 |
Headquarters | Newport Beach, California, U.S. |
Key people | Sagar Sheth (CEO) Aaron Gurewitz (President) Gordon Roth (CFO) |
Products | Investment banking Financial services |
Revenue | US $ 55 million (2007) |
Number of employees | 235 (2023) |
Website | www.roth.com |
Roth MKM, formerly Roth Capital Partners, LLC, is a small privately held investment banking company with headquarters in Newport Beach, California and a global trading floor in Stamford, Connecticut. It specializes in providing services to small cap publicly listed companies. [1]
In 1977 Walter Cruttenden III founded Capital Data Bank, a system that matched private companies with private investors by computer. [2] [3] Under Cruttenden's chairmanship that company grew into Cruttenden & Co. and began offering brokerage services in 1984. [4] Byron Roth joined in 1992 and bought a 15 percent share of the company. He became president in 1994 and the company was renamed Cruttenden Roth. [5]
Byron Roth became CEO in 1997 and retained that post when he became chairman on Cruttenden's resignation in November 1998.The Orange County Business Journal reported in April 2018 the colleagues remain friends, with Roth investing in several Cruttenden-founded companies and Cruttenden speaking at Roth’s business conferences. “Byron’s done such a terrific job growing Roth, just fulfilling every dream I had and then some,” Cruttenden said in an interview. [6] In February 2000 the firm changed its name to Roth Capital Partners, Inc. [7]
In February 2023, Roth acquired Stamford, Connecticut-based MKM Partners, LLC, and began conducting business as ROTH MKM. [8] [9]
In 2004, Roth and John Potter established Cortina Asset Management, a Milwaukee-based small-cap growth equity manager. Pensions & Investments reported in April 2019 that Silvercrest Asset Management Group agreed to acquire Cortina, which had $1.7 billion in assets under management at the time. [10]
In 2018, Roth, Nate Raabe, and quarterback Aaron Rodgers founded RX3 Ventures, a private equity fund focused on established consumer brands. [11] Forbes noted that RX3 is “backed by a deep roster of influencer investors, with many from the world of sports, including former Heisman Trophy winner Desmond Howard, auto racing trailblazer Danica Patrick, and skateboarder Ryan Sheckler,” along with “a half-dozen NFL quarterbacks.” In April 2024, the Orange County Business Journal reported that RX3 had raised over $200 million. [12]
Roth Capital has organized annual conferences since 1988. Held in Orange County, California, their purpose is to facilitate small public companies make pitches to institutional investors. The conferences have featured exotic sets, scantily clad dancers, and performers such as Snoop Dogg and The Pussycat Dolls. [13]
The 2024 annual conference included executives from approximately 500 public and private companies across various sectors, including Consumer, Technology and Media, Sustainability and Industrial Growth, Agtech, Energy, Metals and Mining, Healthcare, Services, and Insurance. [14] In addition to the annual conference in Orange County, California, Roth’s other conferences include an Annual London Conference, Healthcare Opportunities Conference, New York Technology Conference, and its Deer Valley Event. [15]
Roth’s conferences also include charitable activities, including athletics events to support the Challenged Athletes Foundation, an organization which helps those with physical challenges gain and maintain access to sports. [14] For over a decade, the Challenged Athletes Foundation has been the official charity of the annual conference, and as of March 2024, Roth’s conferences have raised $1.7 million for the organization. [16]
RX3 also holds a signature charitable event annually: “a popular flag football tournament that attracts NFL quarterbacks like Joe Flacco, Bryce Young, and Orange County resident and RX3 investor Jared Goff, as well as Rodgers,” the Orange County Business Journal reported. The third annual tournament, held in March 2024, raised almost $3 million for charity. [17]
The Carlyle Group Inc. is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index. In the 2023 ranking however, it had slipped to fifth place.
In the field of finance, private equity (PE) is capital stock in a private company that does not offer stock to the general public. Private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms rather than the companies that they invest in.
Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts. Established in 1946, the company is one of the largest asset managers in the world, with $4.9 trillion in assets under management, and, as of December 2023, $12.6 trillion in assets under administration. Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance.
D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and computer programs to exploit anomalies in financial markets. As of December 1, 2023, D. E. Shaw has $60 billion in AUM, including alternative investments and long strategies.
Bain Capital, LP is an American private investment firm based in Boston, Massachusetts. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, crypto, tech opportunities, partnership opportunities, special situations, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America, Europe, Asia, and Australia.
AllianceBernstein Holding L.P.(AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors.
TD Cowen, is an American multinational investment bank and financial services division of TD Securities that operates through two business segments: a broker-dealer and an investment management division.
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited partnerships with a fixed term of 10 years. At inception, institutional investors make an unfunded commitment to the limited partnership, which is then drawn over the term of the fund. From the investors' point of view, funds can be traditional or asymmetric.
Carnegie Investment Bank AB is a Swedish financial services group with activities in securities brokerage, investment banking and private banking.
In finance, the private-equity secondary market refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private-equity funds as well as hedge funds can be more complex and labor-intensive.
Silver Lake, legally Silver Lake Technology Management, L.L.C., is an American global private equity firm focused on technology and technology-enabled investments. Silver Lake is headquartered in Silicon Valley and New York, and has offices in London, Hong Kong, and Singapore.
Robert W. Baird & Co. is an American multinational independent investment firm and financial services company. It is the principal U.S. operating subsidiary of Baird, an international, employee-owned financial services firm providing investment banking, capital markets, private equity, wealth management, and asset management services to individuals, corporations, institutional investors, and municipalities.
The early history of private equity relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.
MidOcean Partners is a New York–based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments.
HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also directly in operating companies.
Partners Group Holding AG is a Swiss-based global private equity firm with US$147 billion in assets under management in private equity, private infrastructure, private real estate and private debt.
Impact investing refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return". At its core, impact investing is about an alignment of an investor's beliefs and values with the allocation of capital to address social and/or environmental issues.
Needham & Company, LLC is an independent investment bank and asset management firm specializing in advisory services and financings for growth companies. Needham & Company is a wholly owned subsidiary of The Needham Group, which also operates a private equity investment business and an investment management business.
Lovell Minnick Partners is a private equity firm focused on investments in middle market financial and related business services companies in North America and Europe.