RWC Partners completes new ownership structure
RWC Partners has completed a shareholder transaction which saw the organisation and its new long-term partner, Lincoln Peak Capital, buy the entire minority equity stake owned by Schroders.
The resulting structure significantly increases RWC’s internal ownership, with the organisation and its people now owning c70 per cent of equity. Lincoln Peak hold 28 per cent, with the remaining held by former RWC employees. The RWC board is led by Peter Clarke as Chairperson with five Directors appointed by RWC and two by Lincoln Peak. Nicky Richards will remain on the board as a non-Executive Director.
With offices in London, Miami and Singapore, RWC Partners is a privately owned, independent asset management organisation with cUSD21 billion in assets under management. Boston-based Lincoln Peak Capital is a private organisation that specialises in making long-term, minority investments in high quality asset managers. Founded in 2008, Lincoln Peak facilitates ownership transitions in a manner that aligns the interests of a firm’s key constituents and positions it for long-term stability.
Dan Mannix, CEO, RWC Partners, says: “This transaction reaffirms our commitment to long-term ownership, stability and independence which we believe are critical to RWC remaining a dynamic organisation ideally placed to meet our clients’ needs for the next decade and beyond.
"It is a great vote of confidence that a significant portion of the recently available shares have been bought back by RWC and our people; such a commitment to owning equity deeply reinforces the long-term dedication of our entire organisation, both to RWC itself and to our clients.
"I have known Seth Brennan and Tony Leness, the founders of Lincoln Peak, for over 7 years and I am confident that they truly appreciate and understand our organisation, our culture and our vision for the future, as well as supporting the autonomy we offer our investment teams – another of our core principles which we unequivocally believe leads to better outcomes for all stakeholders.”