Partners Capital

Last updated
Partners Capital Investment Group, LLC
Company typePrivately held company
Industry Outsourced Investment Management
Founded2001
FoundersStan Miranda,
Paul Dimitruk
Headquarters London, [1] Paris, [2] Boston, New York, San Francisco, [1] Hong Kong, and Singapore
Key people
Arjun Raghavan (CEO) [3]
AUM $60 billion (July 2024) [3]
Number of employees
360 (July 2024)
Website Partners-Cap.com

Partners Capital Investment Group, LLC is a leading global investment firm acting for distinguished endowments and foundations, senior investment professionals and prominent families across the globe. As of July 2024, the 360-person firm had US$60 billion in assets under management. [4]

Contents

Overview

Partners Capital acts as the OCIO to endowments, foundations and high-net-worth private clients. [5] [6] Its private clients are primarily money managers, including senior partners and founders of investment firms. [4] [7] The firm was founded in London in 2001 by Stan Miranda and Paul Dimitruk. Since its inception, the firm has grown from US$10 million in assets to US$60 billion in 2024. Today, the firm has offices in London, Boston, New York, San Francisco, Paris, Singapore and Hong Kong and has over 360 employees. [4]

The firm invests exclusively with unaffiliated managers with which it shares no economics. The firm believes that the OCIO’s role should be entirely separate from the role of managing assets. [8] [9]

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. [10]

Notable clients

Partners Capital has clients globally. Notable European institutional clients include individual colleges at Cambridge and Oxford universities, INSEAD, the Royal Academy of Arts and the National Gallery Trust. [11]

Notable US institutional clients include the Research Foundation for the State University of New York’s University System, [12] Syracuse University, [13] Milton Academy, [14] the Berkshire School, the Los Angeles Museum of Contemporary Art, and the Cancer Research Institute. [15]

Founders

Prior to Partners Capital, Stan Miranda was a partner at Bain and Company, specializing in private equity. [16] [17] Paul Dimitruk was a co-founder, chairman and CEO of asset manager Pareto Partners and prior to that a partner at Investcorp, where he specialised in private equity. [7] [18]

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References

  1. 1 2 "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. 1 2 "Arjun Raghavan new CEO of Partners Capital". Partners Capital (Press release). 6 July 2020. Retrieved 23 September 2020.
  4. 1 2 3 Company Website, retrieved October 5, 2021.
  5. ↑ Leanna Orr, "OCIO Industry Snaps Up Another Elite E&F Alum," Chief Investment Officer , January 19, 2016.
  6. ↑ "Endowments steal a march on pension funds," Global Investor Magazine, June 9, 2005.
  7. 1 2 Drew Carter, "Institutional assets growing at Partners; Wealth manager uses circle of friends to boost endowment, foundation business," Pensions & Investments , November 30, 2009.
  8. ↑ Danielle Levy, "Wealth Manager: Stan Miranda of Partners Capital on the rise of the private investment office," Citywire , January 20, 2011.
  9. ↑ Mike Foster, "How to win friends and affluent people," Financial News , June 1, 2010.
  10. ↑ "Advancing the Yale model to reflect new market dynamics," Pensions & Investments , February 22, 2016.
  11. ↑ "Meet Paul Dimitruk of Partners Capital Investment Group in Financial District - Boston Voyager Magazine | Boston City Guide" . Retrieved 2017-11-10.
  12. ↑ Brooke Masters, "Cambridge endowments buoy Partners," Financial Times , June 8, 2009.
  13. ↑ Horvath, Jennifer (February 4, 2020). "Syracuse University Selects Partners Capital as New Outsourced Chief Investment Officer". SU News. Retrieved 23 September 2020.
  14. ↑ Cathleen Everett, "Behind the Humming Sound at Milton: The Answers in Dollars and Sense," Milton Magazine, October 7, 2015.
  15. ↑ "Partners Capital pushes into Asia," Financial News , October 3, 2011.
  16. ↑ John Arlidge, "The New Banks that Cost You £25M to Join," London Evening Standard , December 7, 2007.
  17. ↑ "The GPs' GP heads east," Private Equity International , November 1, 2010.
  18. ↑ "Paul Arthur Dimitruk," Bloomberg News, retrieved March 2, 2016.
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