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MFWire: iMGP Funds
MUTUAL FUND FAMILY PROFILES [BETA]
To Update this information contact Editors@InvestmentWires.com or call Armie Lee at 212-331-8995 x111.
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iM Global Partner
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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 July 2021, iM Global Partner bought a minority stake in Richard Bernstein Advisors (RBA), an asset allocation specialist and ETF strategist, and Barings unveiled a $166-million acquisition facility to support iM Global Partner's expansion.
On June 1, 2021, iM Global Partner closed on its planned acquisition of Litman Gregory. The deal brings iM Global its own U.S. wealth management platform and a multi-manager, subadvised mutual fund business.
Philippe Couvrecelle founded iM Global Partner (iMGP, fka iM Square) in 2013. The Paris-based firm is backed several European asset managers, including: Eurazeo (iMGP's principal shareholder), Amundi, IK Investment Partners, and Luxempart.
In addition to offering several of its own mutual funds, iMGP is primarily a distribution ally to, and minority investor in, boutique asset managers. (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.
Deal History
iMGP has made minority investments in several U.S. boutiques, including:
-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.
iM Global 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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