Rosemont Investment Partners Invests in Lateef Investment Management

January 2, 2009

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

www.rosemontpartnersllc.com/pdf/Lateef_Press_Release_Final.pdf

 


Categories

Investment Manager Venture Capital, Mutual Fund Venture Capital, Transactions