A Colorado fund firm with more than $4 billion in assets (as of December 31) recently
acquired a small cap investing boutique in the acquirer's old hometown. The deal also brings a new C-Suiter to the buyer.
| Stephen Craig "Steve" Rogers Shelton Capital Management CEO | |
On Tuesday,
Steve Rogers, CEO of
Shelton Capital Management,
confirmed that Denver-based Shelton
bought San Francisco-based
Vitruvian Capital Management on Monday, January 3. Vitruvian was previously owned by managing partner
Derek Izuel, according to the firm's most recent form ADV.
As part of the deal, Izuel also took over as chief investment officer of Shelton. Also, Izuel and
Justin Sheetz, partner and analyst at Vitruvian, will co-PM two Shelton funds: the
Shelton Emerging Markets Fund and the
Shelton International Select Equity Fund. (Vitruvian specialized in investing in both domestic and international small caps.)
Rogers lauds Vitruvian, which launched in 2018, as "a powerful and complementary addition" to Shelton.
"We are very pleased to have the entire investment team join us and continue to successfully manage their unique and highly regard strategies," Rogers states. "This acquisition is part of the Firm's long-term strategy of
building scale organically and through
acquisitons. Adding the Vitruvian investment team and products to our existing equity platform is a great strategic fit." 
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