Silvercrest Asset Management Launches New Investment Strategy

Silvercrest Asset Management Launches New Investment Initiative

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) is excited to announce a groundbreaking seed investment of $1.3 billion USD by Australia's Construction and Building Unions Superannuation Fund (CBUS). This significant investment serves as the formal launch of Silvercrest’s Global Value Opportunity Equity Strategy. The firm previously disclosed plans for this strategy, along with the addition of Rehan Chaudhri as the lead portfolio manager, supported by a dedicated investment team.

Impact of the Investment

Richard Hough, the Chairman and Chief Executive Officer of Silvercrest, shared his enthusiasm regarding this landmark investment from CBUS. He expressed gratitude, stating, "Silvercrest is grateful to CBUS for its substantial investment to launch our new Global Equity Strategy. We are excited and proud to partner with such a premier and sophisticated institutional investor." This partnership highlights the confidence CBUS has in Silvercrest, leveraging its strong international reputation, extensive infrastructure, and substantial intellectual capital.

Looking Forward

Hough further elaborated on the future prospects, implying that this initial investment could lead to further commitments from other investors, thereby accelerating Silvercrest's growth trajectory and international ambitions.

The Investment Team's Expertise

Silvercrest's Global Value Opportunity Equity investment team is composed of professionals with a wealth of expertise, crediting a proven track record in managing equity mandates for significant institutions and affluent families globally. The strategy uniquely interweaves relative value and deep value opportunities across a variety of global equity markets. This robust investment approach not only strengthens Silvercrest’s intellectual assets in the international finance sector but also enhances the capabilities of their current international team.

Understanding CBUS

CBUS stands out as a premier Industry Super Fund, designed to serve those who contribute to Australia's construction and building sectors. It’s one of the largest superannuation funds in Australia, managing over $94 billion for more than 920,000 members as of mid-2024. This emphasizes the fund's dedication to supporting the financial futures of construction professionals across the nation.

Silvercrest Asset Management Overview

Founded in April 2002, Silvercrest operates as an independent, employee-owned registered investment adviser. With offices strategically located in New York, Boston, Virginia, Atlanta, New Jersey, California, and Wisconsin, Silvercrest offers a blend of traditional and alternative investment advisory services. The firm caters to a select clientele, mainly wealthy families and institutional investors. As of late September 2024, Silvercrest reported managing assets valued at approximately $35.1 billion. This impressive figure underscores its growth and the trust clients place in the firm.

Contact Information

For further inquiries, you can reach Richard R. Hough III at 212-649-0601 or email him at rhough@silvercrestgroup.com.

Frequently Asked Questions

What is the significance of the seed investment?

The seed investment of $1.3 billion USD marks the launch of Silvercrest's Global Value Opportunity Equity Strategy, highlighting confidence from institutional investors.

Who is Richard Hough?

Richard Hough is the Chairman and Chief Executive Officer of Silvercrest Asset Management, overseeing strategic initiatives and investment partnerships.

What does CBUS represent?

CBUS is an Industry Super Fund focused on providing services to construction and building workers in Australia, managing substantial funds for numerous members.

How does Silvercrest manage investments?

Silvercrest employs a unique strategy combining both relative and deep value opportunities across global equity markets, catering to institutions and affluent clients.

What is the history of Silvercrest Asset Management?

Established in April 2002, Silvercrest is an independent, employee-owned investment adviser providing diverse financial advisory services to a select clientele.

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