Rosemont Partners announces investment in Fulcrum
WEST CONSHOHOCKEN, Pennsylvania, February 7, 2002 – Rosemont Partners I, L.P. announced today that it completed an investment in Fulcrum Global Partners, LLC (“Fulcrum”). Fulcrum is a research and securities brokerage firm headquartered in New York City that focuses on the equity research and trade execution needs of hedge funds, asset managers and institutions.
Fulcrum is an independent research firm that makes buy and sell recommendations supported by outstanding execution and trading capabilities. The firm has no investment banking relationships and conducts limited proprietary trading activities, ensuring the integrity of its research is not compromised by conflicts of interest. Fulcrum is focused on providing high quality research and trade execution tailored to the actionable needs of its clients.
Fulcrum was founded by Michael C. Petrycki, the former CEO of ING Barings, LLC and commenced operations in May 2001. The Company currently has 105 employees, including 14 research analysts who cover 74 companies in 11 sectors. Fulcrum recently garnered national attention when it became the only Wall Street firm to place a sell recommendation on Fannie Mae, highlighting its willingness to make recommendations that often contest consensus and uncover new ways of looking at existing opportunities.
Rosemont is making an equity investment in Fulcrum to enable the company to maintain its rapid growth and take advantage of continued hiring opportunities. “The market is hungry for the objectivity and critical analysis that Fulcrum provides. We are excited to have an opportunity to invest in a dynamic, well-managed company that is providing such a valuable service to the investment management industry,” said David Silvera, Managing Director at Rosemont.
According to Petrycki, “ We are excited by the prospect of accelerating our growth and increasing our ability to deliver high quality research and trade execution to our clients.”
Rosemont Investment Partners, LLC provides strategic capital to firms in the investment management and related industries. Based in West Conshohocken, PA, the firm makes minority investments alongside dynamic, motivated management teams and employs its industry expertise to further the growth of its investments. Rosemont has made six investments on behalf of its fund, Rosemont Partners I, L.P., whose investors include: KBC Bank N.V. (Belgium), Keefe, Bruyette & Woods, Merrill Lynch, the Ohio Bureau of Workers’ Compensation and a number of family offices and investment management industry leaders.