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MFWire: RidgeWorth Funds (formerly, STI Classic Funds)
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RidgeWorth Capital Management, Inc.
3333 Piedmont Rd.
Suite 1500 NE
Atlanta, GA  30305
Google Maps

Main Phone: 866-595-2470
Web Site: http://www.ridgeworth.com/

Mutual Fund Brand(s)
RidgeWorth Funds (formerly, STI Classic Funds)

Research Links
  • SEC Fund Filings by CIK

  • Background:
    On December 16, 2016, publicly-traded, subadvised mutual fund shop Virtus Investment Partners publicly agreed to buy RidgeWorth. The $513-million deal, which would keep key RidgeWorth investment professionals on as shareholders, is expected to close in mid-2017.

    RidgeWorth is a private-equity-backed firm that started in 1984 as an investment management arm of SunTrust Banks known as Trusco Capital Management. It became independent in a management-lead buyout backed by Lightyear Capital LLC in 2014.

    RidgeWorth has six investment boutiques: Ceredex Value Advisors, Certium Asset Management, Seix Investment Advisors, Silvant Capital Management, StableRiver Capital Management and Zevenbergen Capital Investments.

    Sale to Lightyear

    On December 11, 2013, SunTrust executives said they would sell RidgeWorth to private equity shop Lightyear Capital and to RidgeWorth employees for $245 million and up to $20 million of incentive payements.

    Business Strategy

    Since the sale to Lightyear, Ridgeworth has been open to a growth by acquisition strategy. In February 2014, MFWire reported that is looking to buy boutique asset managers.

    In January 2014, the firm planned a 30 percent increase of its sales force.


    Trusco was incorporated in Atlanta in 1984. In March 2008, Trusco changed its name to RidgeWorth and the STI Classic Funds were subsequently rebranded RidgeWorth Funds.

    In January 2010, a report surfaced in the media that SunTrust hired Sandler O'Neillto explore a possible sale of RidgeWorth.
    RidgeWorth Capital Management, Inc. logo

    Sponsored Opportunities

    Key People:
    Jim Stueve
    Stueve Insights
    Julia Short
    Managing Director, President and CEO , Virtus Investment Partners
    Ashi Parikh
    Chairman, CEO, Chief Investment Officer, RidgeWorth Investments
    John Stebbins
    Chief Financial Officer, RidgeWorth Investments
    Bob Zakem
    CCO and General Counsel, RidgeWorth Investments
    Joseph O'Donnell
    Member of the Board of Directors, Atlanta Symphony Orchestra
    Story Archive for RidgeWorth Capital Management, Inc.
    Published On Story Headline Publication
    9/12/2017 Follow the Fundsters - September 12, 2017 MFWire.com
    8/9/2017 Filings for Fundsters - August 9, 2017 MFWire.com
    6/30/2017 Filings for Fundsters - June 30, 2017 MFWire.com
    6/2/2017 Filings for Fundsters - June 2, 2017 MFWire.com
    5/2/2017 Three Fund Firm Mergers Near Their Finish Lines MFWire.com
    4/7/2017 Filings for Fundsters - April 7, 2017 MFWire.com
    3/24/2017 Vanguard, Nuveen, and Morgan Stanley Win Big in Gotham MFWire.com
    2/15/2017 A Deep Dive Into Fidelity's New Platform MFWire.com
    1/27/2017 Virtus Raises RidgeWorth Cash, and a Hedge Fundster Speaks Out MFWire.com
    1/18/2017 Filings for Fundsters - January 18, 2017 MFWire.com
    1/13/2017 Mutual Fund Milestones - January 13, 2017 MFWire.com
    12/22/2016 Aylward's Transformational Deal MFWire.com
    12/16/2016 Virtus Buys a PE-Backed Multi-Boutique For $513MM MFWire.com
    12/14/2016 Mutual Fund Milestones - December 14, 2016 MFWire.com
    10/19/2016 Aberdeen and OpFunds Win Big in Chicago MFWire.com
    3/28/2016 Fund Directors Will Gather in D.C. Tomorrow MFWire.com
    3/23/2016 101 Fund Families Win in Gotham MFWire.com
    3/18/2016 Post-RidgeWorth, a Manager Tests the Waters Further North MFWire.com
    3/8/2016 RidgeWorth Takes the Liberty to Adopt a Three-Year-Old Fund MFWire.com
    2/4/2016 A RidgeWorth Ally Directly Enters the MF Biz MFWire.com
    4/1/2015 Cap Group, Fidelity, and Pimco Break Out the Champagne MFWire.com
    3/27/2015 And the Winners Are ... Empower, Vanguard, and Many More MFWire.com
    10/22/2014 OppFunds, Putnam, Aberdeen and U.S. Global See STARS in Chitown MFWire.com
    6/12/2014 Transamerica's Stable Value Chief Steps Into Participants' Shoes 401kWire.com
    6/6/2014 Pioneer Sells Back Its Stake In a $4.2B Shop MFWire.com
    6/2/2014 The RidgeWorth Deal Is Done MFWire.com
    5/15/2014 Can Neil Hennessy Afford You? MFWire.com
    4/4/2014 After J.P. Morgan, What Other Deals Could 2014 Bring? MFWire.com
    3/28/2014 Want to Get on Buyer's Plates? Consider this Recipe MFWire.com
    3/28/2014 Ridgeworth's Parikh Hungers for More Boutiques MFWire.com
    2/12/2014 RidgeWorth Is Looking for Some Boutiques MFWire.com
    2/10/2014 RidgeWorth Needs a Sales Dozen MFWire.com
    1/9/2014 RidgeWorth Plans 30% Salesforce Expansion MFWire.com
    12/12/2013 What's the Next Chapter For RidgeWorth? Parikh and Stueve Offer Hints MFWire.com
    12/11/2013 SunTrust Sets RidgeWorth Free MFWire.com
    6/11/2013 RidgeWorth Buffing up Client Support MFWire.com
    4/24/2013 A Champion Gymnast Replaces a Poached Marketing Fundster MFWire.com
    3/4/2013 Is Bank Ready to Sell its $48B Asset Arm? MFWire.com
    11/5/2012 A Top RidgeWorth Exec Gets Kicked Upstairs MFWire.com
    10/25/2012 Franklin, Hancock, RidgeWorth and U.S. Global Win Big at MFEA MFWire.com
    4/19/2012 RidgeWorth Helps Advisors Find a Personal Brand MFWire.com
    4/2/2012 RidgeWorth Shutters a Fund MFWire.com
    6/20/2011 RidgeWorth Ramps Up its Retail Sales Team MFWire.com
    4/14/2011 Two New Hires Help RidgeWorth Comply MFWire.com
    3/30/2011 RidgeWorth is in a Mid-cap State of Mind MFWire.com
    3/25/2011 RidgeWorth Moves on Monday MFWire.com
    3/9/2011 RidgeWorth Plans to Shutter a Trio of 130/30 Funds MFWire.com
    12/13/2010 'Wholesalers Wanted' Sign is Up as RidgeWorth Adopts a New Sales Strategy MFWire.com
    10/25/2010 Vanguard and Franklin Win Gold STARs MFWire.com
    10/20/2010 WSJ Spotlights RidgeWorth's Schwartz MFWire.com
    10/7/2010 RidgeWorth Shifts Execs into New Roles MFWire.com
    10/4/2010 Money Funds are in Turmoil MFWire.com
    9/15/2010 RidgeWorth is Moving to a New Home MFWire.com
    7/16/2010 RidgeWorth Win Puts Federated in the Money MFWire.com
    6/18/2010 RidgeWorth's Suitor Walks Away MFWire.com
    5/25/2010 An I-O Firm Powers On its Advisor Benchmarking Support 401kWire.com
    4/21/2010 Fiduciary Benchmarks and BrightScope Prep New Capabilities 401kWire.com
    4/12/2010 RidgeWorth's Suitor Breaks Silence MFWire.com
    4/9/2010 RidgeWorth Sale Chatter Points to London MFWire.com
    4/5/2010 WSJ Targets Risk-Based Funds MFWire.com
    3/25/2010 T. Rowe, RidgeWorth Bag "Overall" Awards MFWire.com
    2/8/2010 RidgeWorth Flips the Switch on its Retirement Advisor Site 401kWire.com
    1/4/2010 Sale Buzz Surrounds a Bank's Mutual Fund Unit MFWire.com
    9/4/2009 Hartford Taps a New Chief 401k Salesman 401kWire.com
    1/26/2009 A Midcap Fund Gains Valuable Ink MFWire.com
    10/27/2008 Some Fund Firms' Parents Accept Government Money as Others Ponder Capital Infusion MFWire.com
    8/4/2008 Market Drop Prompts RidgeWorth to Uncork a Fund MFWire.com
    4/24/2008 Newly Rebranded Fund Family Seeks Recognition MFWire.com
    3/10/2008 STI Classic Funds to Get a New Moniker MFWire.com
    11/29/2001 XO Stock KOs Participants 401kWire.com
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