Rosemont Investment Partners announced the acquisition of a minority equity interest in Lateef Investment Management.
Rosemont Investment Partners, LLC (Rosemont) announced the acquisition of a minority equity interest in Lateef Investment Management, LP (Lateef). Lateef’s management team will continue to own a significant majority stake in Lateef, and there are no changes to Lateef’s team or management structure. In a press release Rosemont states that its “investment is being used primarily to recapitalize a minority interest and to provide a mechanism for future equity transfers.” The terms of the transaction are not disclosed.
Founded in 1974, Lateef is a boutique investment firm that manages approximately $2.9 billion primarily in an All-Cap Growth equity product through separate accounts and the Lateef Fund (LIMAZ). Rosemont is a private equity firm focused exclusively on making investments in asset managers.
To view the Press Release, go to