Rosemont Investment Partners assumed a 20% minority stake in Boston Common Asset Management, confirmed Rosemont spokeswoman Genie Logue. Terms of the deal were not disclosed.
Rosemont Investment Partners is a specialist private equity firm focused exclusively on making investments in asset and wealth managers. Boston Common is Rosemont’s 28th investment.
With this transaction, Boston Common will put in place a structure to ensure continuity and leave its people and processes unchanged, as the company sets a course for the long term, according to Ms. Logue.
Founded in 2003, Boston Common Asset Management is a women-owned sustainable investment manager with about $2.1 billion in assets under management.
This is Rosemont’s second investment in two months. In September, Rosemont Investment Partners assumed a minority stake in Wilbanks, Smith & Thomas Asset Management.