• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Wealth management

Partners Capital to open San Francisco office

Partners Capital to open San Francisco office
  • Pedro Gonçalves
  • @PeterHSG
  • 13 December 2018
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Partners Capital, an outsourced investment office acting for endowments, foundations and ultra high-net-worth families in Europe, North America and Asia, is planning to open a West Coast office in San Francisco in July 2019.

Sudharshan Murugesu, who joined the firm in 2013, will lead the new office. Prior to joining Partners Capital, Murugesu worked at Bain Capital, Marshall Wace and Vantage Investment Management.

Related articles

  • Partners Capitals expands operations with Paris office
  • Alternative manager Värde Partners buys real estate firm in Portugal
  • Kleinwort Benson opens Boston office
  • Tikehau Capital strengthens presence in Asia

"Building out our West Coast presence is the highest strategic priority in the firm today given the role technology will play in the investment world. Asset managers across every asset class should be transforming their businesses in terms of how they source, analyze, and manage their portfolios of investments.

"Every private and public equity investor is looking at companies through more of a ‘technology lens' as they attempt to ascertain ahead of others who will be the winners and losers from digital transformation. To fully appreciate the pace and scale of this transformation, we must have a physical presence in the Bay Area," Stan Miranda, founder and chief executive of Partners Capital, said.

The San Francisco team will 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. 

"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," Murugesu said in a statement.

Miranda's expectation is that the office will start from its current operating location in San Francisco and will be kept small at five to seven professionals by the end of 2019. The West Coast team will be supported primarily by the Boston office of 47 professionals but will also work closely with the other offices. 

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Wealth management
  • San Francisco
  • West Coast
  • North America
  • Partners Capital
  • California

More on Wealth management

Nucleus launches low-cost managed portfolio service

  • Wealth management
  • 21 January 2021
Lombard Int'l Assurance expands wealth planning solutions to Greek tax residents

  • Wealth management
  • 21 January 2021
Quilter offers free talks to help advisers beat 'Blue Monday'

  • Wealth management
  • 18 January 2021
Fidelity Int'l launches advice service

  • Wealth management
  • 13 January 2021
Jupiter signs distribution agreement with FinecoBank in UK and Italy

  • Wealth management
  • 11 January 2021
Back to Top

Most read

Duff & Phelps opens Gibraltar office
Duff & Phelps opens Gibraltar office
Brexit deals hefty blow to City but industry is ready to fight back
Brexit deals hefty blow to City but industry is ready to fight back
FSCS warns industry of £1bn compensation bill
FSCS warns industry of £1bn compensation bill
Comment: Are cryptocurrencies the new gold?
Comment: Are cryptocurrencies the new gold?
Dubai regulator to develop cryptocurrency framework
Dubai regulator to develop cryptocurrency framework
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading