United States
Equities Fixed Income External Managers Private Equity and Real Estate Sustainable Investing

Equities

We follow a philosophy that low-turnover, concentrated portfolios derived from sound bottom-up fundamental research provide an opportunity for attractive performance results over time. We have a culture and firm equity ownership structure that help us attract and retain professionals who share those beliefs, and we follow a repeatable investment process that helps us stay true to our philosophy.

Brown Advisory Equity Strategies

Fixed Income

We follow a philosophy that fixed income strategies built from a foundation of stability coupled with fundamental credit research can seek to generate alpha and control risk. We have a culture and firm equity ownership structure that attract and retain professionals who share those beliefs, and we follow a repeatable investment process that helps us stay true to our philosophy.

Brown Advisory Fixed Income Strategies

External Managers

Investment Solutions Group

The Investment Solutions Group is an investment-management team within Brown Advisory that specializes in asset allocation, manager selection, hedge funds and other alternative investment strategies. Dedicated to open-architecture solutions, our team has established a strong track record of identifying high-quality, third-party investment managers across the hedge fund, long-only and private equity universes. We leverage this expertise to help clients assemble portfolios that we believe best fit their needs and goals, offering clients a range of solutions from complete portfolio management to fulfillment of specific hedge-fund and alternative-asset mandates.

Private Equity and Real Estate

Private Equity and Real Estate

Brown Advisory has incorporated private equity and real estate investments in client portfolios since our founding. Today, we can provide that exposure in three distinct ways.

Feeder Funds and Multimanager Funds
We introduce clients to investment opportunities in early- and late-stage venture capital and buyout funds, as well as select real estate funds. We also construct these feeder funds into multimanager funds through our Private Equity Partners (PEP) and Real Estate Partners (REP) vehicles to make private equity investing as easy as possible for our clients.

Customized Private Equity Portfolios
For most clients, private equity is one component of a balanced portfolio that we manage. Other clients, however, come to us specifically for custom-built private equity and real estate portfolios.

Sustainable Investing

Sustainable Investing Strategies

  • Multi-Manager Strategies
  • For clients seeking an open-architecture solution, we have access to several of the premier sustainable managers in the industry - all vetted by internal research.
  • Private Equity
  • Our private equity team is focused on evaluating the growing universe of private impact investments to identify standout opportunities that target various issues of particular concern to our clients. To date, we have placed assets in investments targeting a variety of impact themes such as community impact, microfinance, education technology, sustainable real estate, water initiatives and others.*
  • *Many alternative investments by regulation may only be sold to Accredited Investors (institutions with at least $5 million in assets) or Qualified Purchasers (institutions with at least $25 million in investments).

Customized Portfolios

This diverse assortment of solutions will meet many clients’ sustainability objectives; however, we understand the continued evolution of this space and seek to be able to react quickly to client needs.

For clients with unique missions, value-aligned investing programs, or who simply wish to ensure that they do not own certain controversial companies or have access to certain industries, we offer the following customized options:

Additional Screening: To the extent we have reliable data and can build rules into our compliance systems, we can add specific screens to a separate account to restrict companies (e.g. oil and gas providers) or industries (e.g. tobacco or weaponry).

Customized and Thematic Portfolios: Within a separate account, we can work together to solve for a sustainability need. From a universe of securities researched from both the bottom-up and for their ESG profile, we can assemble a custom portfolio of securities designed to meet many specific sustainable goals or outcomes.

Investment Insights and Thoughts from Brown Advisory
Private Equity & Real Estate Psychology, Purpose, People: How Female Founders Are Building New Ventures
Lisa Cuesta
July 05, 2018

Women wield more economic power and influence in the U.S. today than at any time in history. Women are increasingly starting new businesses and leading corporate, philanthropic, and government organizations. However, the story about women’s achievements is often defined relative to men’s achievement, and much of the discussion is centered on obstacles women face in closing the gender gap. According to PitchBook, female-founded startups raised $10.5 billion in venture funding in 2017—a healthy number but still just a small fraction of the $85 billion raised overall.

While it is important to acknowledge, address and eventually close these gaps, it’s essential to celebrate the achievements of female founders and to learn more about the businesses that these women are building. Our Female Founders panel discussion in New York on June 13 was designed to do just that. We were fortunate to have five impressive panelists—Anna Auerbach, co-founder of workplace flexibility innovator Werk; Lara Crystal, founder of Minibar Delivery; Tiffany Pham, founder and CEO of Mogul; Geri Stengel, president of digital market research company Ventureneer; and Susan Tynan, CEO and founder of Framebridge. Through the panel’s conversation, three themes—psychology, purpose and people—emerged.

  • Psychology: Susan described her big, ambitious vision for Framebridge, which was met with an “invisible layer” of those doubting her ability to build an empire (a prejudice faced by women more than men, in her view). With that vision comes the need to embrace risk and the prospect of failure. Failure is a very possible outcome for a startup; but she reframed what failure meant to her. She views failure due to negligence or poor ethics as totally within her control, and is comfortable with the idea of failure for other reasons. She also said that experience is a great teacher when it comes to the volatility of an entrepreneurial life—once she experienced a few low points and got through them, she grew less fearful of them.
  • Purpose: Anna did not believe she had an entrepreneur’s mindset or what she described as founder DNA. However, she became obsessed with the desire to put more women in leadership roles and viewed flexibility as an obvious solution: If there are a greater number of flexible work environments that accommodate family responsibilities, there will be more opportunities for women to become leaders. Along the way, her vision about work/life balance expanded beyond just thinking about women. She realized that both men and women—families, really—could benefit from systems and support that allowed them to thrive simultaneously at work and at home. She felt obligated to build Werk because of this sense of purpose—she simply didn’t want to trust that another organization would see the solution as she did.
  • People: A common theme among the panelists was an intense focus on people—collaboration, mentorship, communication, empowerment. Lara learned the importance of a supportive, empowering environment at her previous company, Rent the Runway, and has worked to create a similar environment at Minibar. She and her co-founder Lindsey Andrews have a strong partnership built on support, which has greatly informed the company’s culture and hiring practices. Tiffany said that Mogul’s 100% employee retention rate is powered by communication, collaboration and celebration. For example, she proactively brings quieter people into group discussions, and ensures that the team comes together frequently to learn and celebrate together.

Overall, the evening’s discussion was a great celebration of the unique perspectives that women and men bring to a new venture. It is no surprise that the most effective and successful companies tend to be those that embrace diversity and allow all of those perspectives to flourish together. 

The views expressed are those of Brown Advisory as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. Past performance is not a guarantee of future performance and you may not get back the amount invested.

The information provided in this material is not intended to be and should not be considered to be a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities or asset classes mentioned. It should not be assumed that investments in such securities or asset classes have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the author on an objective basis to illustrate views expressed in the commentary and do not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is intended solely for our clients and prospective clients, is for informational purposes only, and is not individually tailored for or directed to any particular client or prospective client.