Aristotle Capital Management is a well-known investment management firm with billions of dollars in assets under management.
But who owns this successful company?
In this blog post, we’ll delve into the ownership structure of Aristotle Capital Management and explore the recent news surrounding its acquisition by another company.
Join us as we uncover the details and shed light on the future of this prominent investment firm.
Who Owns Aristotle Capital Management
Aristotle Capital Management is a privately held company, meaning that it is not publicly traded on any stock exchange. As such, the ownership structure of the firm is not readily available to the public.
However, recent news has shed some light on the ownership of Aristotle Capital Management. In a joint news release, it was announced that Pacific Life would be acquiring an undisclosed minority stake in the company. Upon closing of the deal, the acquired manager will be known as Aristotle Pacific Capital.
This acquisition will bring together a total of $20.7 billion in assets under management, with Pacific Asset Management’s entire team of 50 professionals, including 23 investment team members, becoming part of the transaction.
Understanding The Ownership Structure Of Aristotle Capital Management
Before the announcement of the acquisition, Aristotle Capital Management was owned by a group of principal owners. These owners include individuals such as Howard Gleicher, Richard S. Hollander, Steve Borowski, Gary Lisenbee, and Richard Schweitzer.
The firm was originally founded in 1959 under the name Reed, Connor and Birdwell, LLC. Since then, it has evolved to become Aristotle Capital Management, which provides investment advisory and management services with a focus on U.S., international, and global equity portfolios.
In addition to the principal owners, Aristotle Capital Management also offers equity interests to other key employees. This structure incentivizes these employees to work towards the long-term success of the firm and aligns their interests with those of the company’s shareholders.
While the ownership structure of Aristotle Capital Management was previously limited to its principal owners and key employees, the recent acquisition by Pacific Life will bring in a new minority stakeholder. The details of this ownership structure are yet to be fully revealed, but it is clear that Aristotle Capital Management will continue to operate as a privately held company under this new structure.
The Founders And Key Players Of Aristotle Capital Management
Aristotle Capital Management was founded by a team of experienced investment professionals, including its CEO and Chief Investment Officer, as well as its President.
The CEO and Chief Investment Officer of Aristotle Capital Management is Howard Gleicher. He has over 30 years of experience in the investment industry, and has previously worked at Palley-Needelman Asset Management, Inc. before establishing his partnership with Aristotle’s President, Steve Borowski.
Steve Borowski, on the other hand, has over 30 years of investment industry experience in both equity and fixed income markets. Prior to joining Aristotle, he was Co-Founder and Managing Partner at Metropolitan West Capital Management, LLC for 13 years.
Together, these two key players have built Aristotle Capital Management into a successful investment management firm with a strong track record of delivering consistent returns for their clients. In addition to their leadership roles at Aristotle, both are actively involved in charitable organizations and serve on various boards and committees.
While the ownership structure of Aristotle Capital Management is not publicly available, it is clear that the firm is led by a team of experienced investment professionals who are committed to delivering value to their clients.
Recent News: The Acquisition Of Aristotle Capital Management
In October 2021, it was announced that investment management organization Aristotle Capital Management would be acquiring third-party credit asset management firm Pacific Asset Management from Pacific Life Insurance Company. The terms of the deal, which is expected to close in the first half of 2023, were not disclosed in a joint news release from Aristotle Capital and Pacific Life.
Upon closing, Pacific Life will receive an undisclosed minority stake in Aristotle, and the acquired manager will be known as Aristotle Pacific Capital. The entire team of 50 professionals at Pacific Asset Management, which includes 23 investment team members, is part of the transaction.
Dominic Nolan, CEO of Pacific Asset Management, will retain his title and responsibilities at Aristotle Pacific Capital. According to the news release, “Aristotle’s investment management mindset, entrepreneurial culture and robust infrastructure will strengthen our business as we continue to deliver for our clients,” said Mr. Nolan.
The transaction will bring together a total of $20.7 billion in assets under management, with Aristotle Capital Management and its affiliates having $50.6 billion in assets under management as of September 30th. Aristotle Capital will “evaluate capitalizing on opportunities between Aristotle Pacific and affiliate Aristotle Credit Partners to deliver credit and fixed-income solutions to their clients.”
Future Outlook For Aristotle Capital Management Under New Ownership
With the acquisition of a minority stake by Pacific Life, Aristotle Capital Management is poised for growth and expansion. The addition of Pacific Asset Management’s team of professionals will bring new expertise and knowledge to the firm, which will help to enhance its investment strategies and offerings.
The new ownership structure will also provide Aristotle Capital Management with access to broader distribution channels and opportunities for collaboration with affiliate Aristotle Credit Partners. This will enable the firm to deliver credit and fixed income solutions to its clients, while also benefiting from the addition of fixed income professionals joining the Aristotle family.
Despite the change in ownership, Aristotle Capital Management remains committed to its client-focused investment approach and long-term investment strategies. The firm’s investment teams specialize in U.S., international and global equity portfolios, as well as high yield, investment grade and other fixed income portfolios, including custom socially responsible investing (SRI) strategies.
