Website Partners-Cap.com Number of employees 115 | Founded 2001 | |
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Industry Outsourced Investment Management Headquarters London, Boston, New York, Hong Kong, and Singapore Key people Stan Miranda, Co-Founder and CEO
Paul Dimitruk, Co-Founder and Chairman AUM $17 billion (June 2015) Assets under management 17 billion USD (June 2015) | ||
Partners Capital Investment Group, LLC is an Outsourced Investment Office (OCIO) that serves endowments, foundations, pensions, investment professionals, and high-net-worth families in Europe, North America and Asia. As of June 2015, the 115-person firm had in excess of $17 billion in assets under management.
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Overview
Partners Capital acts as the OCIO to endowments, foundations and high-net-worth private clients. Its private clients are primarily money managers, including senior partners and founders of U.S. and European investment firms. The firm was founded in London in 2001 by Stan Miranda and Paul Dimitruk. Since its inception, the firm has grown from $10 million in assets to over $17 billion in 2015. Today, the firm has offices in Boston, New York, Singapore and Hong Kong, in addition to London, and has 115 employees.
The firm invests exclusively with unaffiliated managers with which it shares no economics. It is the firm’s belief that the OCIO’s role should be entirely separate from the role of managing assets.
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.
Notable Clients
Some notable institutional clients include eleven individual colleges at Cambridge and Oxford Universities, Eton College, the Research Foundation for the State University of New York’s University System, INSEAD, the Royal Academy of Arts, Milton Academy, the Los Angeles Museum of Contemporary Art and the Cancer Research Institute.
Founders
Prior to Partners Capital, Miranda was a partner at Bain and Company, specializing in private equity. Dimitruk was a co-founder, chairman and CEO of asset manager Pareto Partners and prior to that a partner at Investcorp, where he specialized in private equity.