- Subject to regulatory approval, the transaction will see Schroders completely exit their equity stake in RWC Partners
- RWC Partners is a privately owned, independent asset management organisation with 18 billion in assets under management
RWC Partners announced that it has signed a definitive agreement for Schroders to sell their equity in RWC back to the Company and to RWC’s new long-term partner, Lincoln Peak Capital. Subject to regulatory approval, the transaction will see Schroders completely exit their equity stake in RWC Partners.
Dan Mannix, CEO of RWC commented: “We would like to thank Schroders for the support they have shown our organisation over the last 9 years. In Lincoln Peak, we welcome a new shareholder to RWC who we have known for many years. Lincoln Peak is a very attractive partner for us who has committed to our organisation for the next decade and beyond. Our priority has been to secure a shareholder who supports the commitments we have to our clients and investment teams. We are proud to differentiate our organisation through being independent, private and owned by very long-term shareholders who define success by the quality of services we provide to our clients and fulfilling responsibilities to our other stakeholders."
Tony Leness, Co-Founder and Managing Partner of Lincoln Peak commented: "We feel very fortunate to have the opportunity to partner with RWC shareholders and RWC’s exceptional investment teams, management and staff. Our long-term relationship with the Company provided us with a unique window to understand RWC’s culture and future potential, allowing us to play an active role in assisting the key stakeholders to effect this transaction in a manner that will allow RWC to retain its independence and successful trajectory.”
Seth Brennan, Co-Founder and Managing Partner of Lincoln Peak added: “We believe that RWC’s entrepreneurial culture and commitment to providing its talented investment teams with clear incentives, world-class support and the independence to focus on client outcomes is designed to deliver exceptional, long-term results for clients. This transaction and commitments made by various parties preserves RWC’s successful business model and improves the alignment between all of RWC’s stakeholders, positioning the Company for long-term stability and continued success.”
Based in London, Miami and Singapore RWC Partners is a privately owned, independent asset management organization with 18 billion in assets under management.
Boston-based Lincoln Peak Capital is a private organisation that specialises in making long-term, minority investments in high quality asset managers. Founded in 2008, Lincoln Peak facilitates ownership transitions in a manner that aligns the interests of a firm’s key constituents and positions it for long-term stability and success.