1600 E. Franklin Avenue
Suite D
El Segundo, CA 90245
Google Maps
Contact
Main Phone: 424-277-1066
Web Site:
https://www.imgp.com/
Mutual Fund Brand(s)
iMGP Funds
Research Links
SEC Fund Filings by CIK Series
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Background:
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In December 2022, iM Global Partner unveiled its purchase of a strategic, non-controlling stake in Wilkes-Barre, Pennsylvania-based Berkshire Asset Management (BAM).
Philippe Couvrecelle founded iM Global Partner (iMGP, fka iM Square) in 2013. The Paris-based firm is backed by several European asset managers, including: Eurazeo (iMGP's principal shareholder), Amundi, IK Investment Partners, and Luxempart.
In June 2021, iMGP acquired Litman Gregory. That deal brought iMGP its own U.S. wealth management platform and a multi-manager, subadvised mutual fund business.
In July 2021, Barings unveiled a $166-million acquisition facility to support iMGP's expansion.
In addition to its wealth management and mutual fund business, iMGP is primarily a distribution ally to, and minority investor in, boutique asset managers. (The iMGP team call those boutiques "partners.") Some of those boutiques offer their own mutual funds or ETFs or subadvise others', and some subadvise funds for iMGP. The iMGP folks pitch themselves as "permanent capital" that lets the boutiques remain independent while being supported on the distribution side.
Partners (Boutique Affiliates)
iMGP has made minority investments in several U.S. boutiques, including:
-Berkshire Asset Management (BAM), an equity SMA shop (minority stake acquired in December 2022);
-Asset Preservation Advisors (APA), a muni bond portfolio specialist (42-percent stake acquired in September 2021);
-Richard Bernstein Advisors (RBA), an ETF strategist and asset allocation specialist (45-percent stake acquired in July 2021);
-Scharf Investments, a U.S. value equity shop (stake acquired in 2019);
-Dynamic Beta Investments, a liquid alts shop (stake acquired in 2018);
-Sirios, a U.S. long/short equity and U.S. credit shop (stake acquired in 2018);
-Dolan McEniry, a U.S. credit shop (stake acquired in 2016); and
-Polen Capital, a U.S. and global growth equity shop (stake acquired in 2015).
iMGP also bought a stake in a European equity shop, Zadig Asset Management, in 2020.
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Sponsored Opportunities
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Key People:
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Jeff Seeley
Deputy CEO, Head of U.S. & Wealth Management, iM Global Partner (iMGP) |
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