Partners Capital, an outsourced investment office tending to endowments, foundations, investment professionals and high-net-worth families, is set to launch a new office in Paris next month.
The launch of an office in Europe was initially said to be a response to Britain’s departure from the European Union bloc in 2019.
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However, it is now said to be the firm’s “strategic priority” due to the opportunity in Europe.
Partners Capital said that the new location will enable it to serve its European clients after Brexit.
The Paris office will also serve as a research and sourcing base for asset managers in Europe across asset classes, the firm said.
Partners Capital founder and CEO Stan Miranda said: “This is a long overdue move to be closer to our existing clients, attractive investment opportunities and many new client opportunities on both the private client and institutional investor side.”
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By GlobalDataThe Paris location will be led by Edmondo Barletta. Since 2013, Barletta has been working at the firm’s London branch.
He also serves as the client CIO for many of the largest private investors of the firm.
A senior associate from the firm’s London team, a new senior investment professional along with additional hires will assist Barletta in the new role.
Late last year, Partners Capital announced plans to open an office in West Coast.
The firm also has branches in Boston, New York, London, Singapore and Hong Kong, with a headcount of 160 globally. The business manages $24bn in assets.
