Spouting Rock Asset Management Acquires Stewart Asset Management

Dec 13, 2022•over 2 years ago

Acquiring Company

Spouting Rock Asset Management

Acquired Company

Stewart Asset Management

Bryn MawrAngel InvestmentVenture CapitalFinanceFinancial Services

Description

Spouting Rock Asset Management, LLC (“Spouting Rock”), a multi-boutique manager platform providing investment solutions and services, today announced an agreement to acquire Stewart Asset Management, LLC (“Stewart”), a New York-based investment manager that aims to provide long-term capital appreciation for clients through concentrated portfolios of quality US listed growth equities. The deal is expected to close on or about December 31, 2022.

Company Information

Company

Spouting Rock Asset Management

Location

Bryn Mawr, Pennsylvania, United States

About

Founded in 2018, Spouting Rock Asset Management is a multi-boutique manager platform providing alternative, traditional and thematic investment solutions and services aimed to enhance portfolios and protect wealth. Located outside of Philadelphia, Pennsylvania, Spouting Rock Asset Management provides sophisticated investors, financial professionals and institutions the ability to invest in niche strategies in less efficient markets where active management has the potential to add meaningful alpha. Spouting Rock Asset Management offers a robust, cost-efficient platform that provides boutique managers with the distribution and operational benefits of a scaled asset management business.

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Integration timeline

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Tech stack consolidation

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Post-acquisition investment

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