Industry Investment Management Founder Clifton S Robbins Number of employees 18 | Founded 2004 | |
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Area served Worldwide (investors); North America (investments) Key people Clifton (Cliff) Robbins (Founder and CEO) Headquarters | ||
Blue Harbour Group is an American multibillion-dollar investment firm that manages capital for pension funds, endowments, sovereign wealth funds, labor unions and other institutional investors. Based in Greenwich, Connecticut, Blue Harbour is known as a “friendly” activist investor. It has never engaged in a proxy contest, waged a media campaign or sued a company to influence its direction.
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History
Blue Harbour Group was founded in 2004 by Clifton Robbins, also known as Cliff Robbins, a former partner at private equity giants KKR and General Atlantic.
Company
As of May 2014, the firm managed an estimated $3 billion in capital, which it mainly invests from two funds, the long-short Blue Harbour Strategic Value Partners and the long-only Blue Harbour Active Ownership Partners. Blue Harbour’s investment team includes its CEO Cliff Robbins and Managing Directors Peter Carlin, Robb LeMasters, Todd Marcy, David Silverman, Lauren Taylor Wolfe and Jason Wathen.
Investment strategy
Blue Harbour takes ”sizable” ownership stakes in publicly traded companies whose management teams are “open to new ideas” for increasing in value. The firm then “works collaboratively” with them for two to three years. Blue Harbour focuses on North American undervalued smallcap and midcap companies.