Partners Capital Opens West Coast Office - Seite 2

Stan plans to split his time in the coming years between the West Coast and Europe, continuing to serve many of the firm's flagship clients located across Europe. The focus of Stan, Sud and the West Coast team will be firstly on building out a deeper stable of talented asset managers operating out of the Western States including not only venture capital firms, but also the growing number of extraordinary hedge funds, specialist private lending firms and high-quality leveraged buyout firms. Partners Capital already has strong relationships with West Coast asset managers including Andreessen Horowitz, Sequoia, Francisco Partners, Golden Gate Capital, DoubleLine, Post Advisory Group, amongst others.

The San Francisco team will also take over responsibility for serving many of Partners Capital's existing West Coast clients including the LA Museum of Contemporary Art (MOCA), The Seaver Institute and several Californian private clients, mostly private equity professionals. Critically, the firm is focused on expanding its footprint with smaller foundations and endowments across the Western States like MOCA. Sud Murugesu, said, "There are over 700 California foundations with assets between $100 million and $1 billion, many of which are lagging in performance unnecessarily, due to the difficulty associated with identifying and accessing the very small and rare universe of exceptional active asset managers. Many of these institutions' advisors and investment committees do not have either the capabilities or time to build out a strong stable of asset managers, especially in alternative asset classes such as private equity and absolute return."  

Partners Capital often works with its wealthy private clients in helping them establish their own philanthropic foundations. With the extraordinary capital formation from the burgeoning tech industry, Partners Capital expects its strong capabilities in serving both private clients and foundations will find a welcome audience in the Bay Area in particular. Partners Capital's Chairman, Paul Dimitruk, said, "Helping successful tech entrepreneurs and financial professionals establish their own family foundations is a passion of the firm's leadership team. We seek to help these successful individuals set up well-invested permanent funding sources for their missions that outlive them and make a real difference in the world."