Partners Capital Expands Presence with New Dallas Office
Partners Capital Expands Presence in Dallas
Partners Capital, an esteemed global investment firm with over $60 billion in assets under management, has proudly announced the opening of its new office in Dallas, Texas. This milestone marks the firm’s fourth office in the U.S. and its eighth worldwide, showcasing its dedicated commitment to serve local endowments, foundations, family offices, and private clients effectively.
Leadership in the New Texas Office
The newly established Texas office will be under the guidance of Olivia Newell, who serves as the Head of Texas. She will be collaborating closely with Paul Dimitruk, the Co-Founder and Vice Chairman of Partners Capital. Olivia has been with the firm since 2019, playing a pivotal role in managing relationships with some of the firm’s largest institutional and high-net-worth clients.
Paul Dimitruk, who co-founded Partners Capital in 2001, has immense experience overseeing significant client relationships. Together, they aim to strengthen the firm's Outsourced Chief Investment Officer (OCIO) services in the Texas market.
Meeting the Growing Demand for Investment Solutions
The new Texas office symbolizes Partners Capital's proactive approach to meet the burgeoning demand from both regional private and institutional investors. These investors are increasingly seeking comprehensive investment solutions and OCIO services to manage their assets effectively. Presently, Partners Capital is managing more than $30 billion specifically for U.S. clients, which includes diverse groups such as educational endowments, exclusive foundations, family offices, and individual private clients.
Strategic Importance of Texas
Texas’s impressive economy, ranked as the eighth-largest globally at over $2.6 trillion, makes it a strategic hub for the firm. Major cities like Houston, Dallas, San Antonio, and Austin are recognized for their rapid economic growth and have emerged as central locations for industries such as energy, healthcare, life sciences, aerospace, and investment.
“We are delighted to be opening an office in Dallas and deepening our relationships with our Texas-based clients and investment partners,” said Arjun Raghavan, CEO of Partners Capital. Raghavan emphasized the importance of Texas as a thriving market and a key element of the firm’s U.S. and global strategy. He noted that the firm has been actively enhancing its presence in Texas, recognizing the evolving needs for tailored portfolio solutions and access to top-notch investment managers across various asset classes.
Experienced Team Driving Success
The success of the Texas office will be shaped not only by Olivia and Paul’s leadership but also by the support of the firm’s extensive global platform and investment team. With a network of over 256 professionals in investment and client relations, Partners Capital is well-equipped to deliver world-class solutions to its clients in Texas.
Olivia Newell’s expertise, combined with Paul Dimitruk’s extensive experience, positions the firm to effectively meet the unique demands of Texas investors. Their joint efforts are expected to enhance the OCIO services offered to clients, ensuring that they receive personalized and strategic investment management.
About Partners Capital
Founded in 2001, Partners Capital has grown to become a premier global investment firm catering to notable endowments and foundations, seasoned investment professionals, and prominent families around the world. With assets exceeding $60 billion, the firm partners with clients to create and manage customized investment portfolios, leveraging its robust network of manager relationships across all major asset classes. The firm proudly employs over 380 professionals across its offices in Boston, New York, Dallas, London, San Francisco, Paris, Singapore, and Hong Kong.
Frequently Asked Questions
What is the significance of Partners Capital opening an office in Dallas?
The Dallas office symbolizes Partners Capital's commitment to serving local clients and meeting the growing demand for tailored investment solutions in Texas.
Who are the leaders of the new Texas office?
Olivia Newell will lead the Texas office, supported by Co-Founder Paul Dimitruk, both of whom have extensive experience in investment management.
What services does Partners Capital provide?
Partners Capital offers a range of investment solutions, including Outsourced Chief Investment Officer (OCIO) services, tailored portfolio management, and investment advisory services.
How many offices does Partners Capital operate worldwide?
Partners Capital operates eight global offices, including its new Dallas location, enhancing its ability to serve diverse markets.
What industries are significant in the Texas economy?
Texas boasts a strong economy with key industries such as energy, healthcare, life sciences, aerospace, and investment, making it a vital market for investment firms.
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