Partners Capital Investment Group, a London, UK- and NYC-based global outsourced investment office, received a minority investment from General Atlantic.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its business reach.
Founded in 2001 and led by CEO Arjun Raghavan, Partners Capital is an Outsourced Investment Office acting for institutional and private clients. The firm’s client base includes distinguished endowments and foundations across the U.S., Europe and Asia, with their missions focused on education, healthcare and the arts. Partners Capital’s private client base includes ultra-high net worth families and senior members of investment firms for whom the firm manages their family endowment.
With more than $50 Billion in assets under management, Partners Capital constructs investment portfolios for its clients, leveraging its deep network of partnerships with what it believes to be leading asset managers across all major asset classes. The firm employs more than 350 people across its seven offices located in Boston, New York, London, San Francisco, Paris, Singapore and Hong Kong.
Commenting on the news, Arjun Raghavan said: “We have long respected General Atlantic as a leading global investment firm. The leadership group at Partners Capital have great conviction that General Atlantic will strengthen our firm for the next decade as we focus on deepening our investment capabilities, driving technology-led change across the firm and bolstering our ability to attract and retain top talent, the lifeblood of any investment firm. We believe this will put us in a better position to be an enduring institution that can continue to deliver outstanding investment results for our clients“