Blue Harbour Group
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Blue Harbour Group was an American investment firm that managed capital for pension funds, endowments, sovereign wealth funds, labor unions and other institutional investors.[2] The company was based in Greenwich, Connecticut.[2]
 | This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (November 2017) |
| |
| Industry | Investment Management |
|---|---|
| Headquarters | , |
Area served | Worldwide (investors); North America (investments) |
Key people | Clifton S. Robbins (Founder and CEO) |
| AUM | US$ 2.1 billion (as of June 30, 2019)[1] |
Number of employees | 18 |
| Website | www.bhgrp.com |
Blue Harbour had an Environmental, Social and Governance (ESG) component to its investment process, and had been a signatory to the UN Principles for Responsible Investment.[3]
History
Blue Harbour Group was founded in 2004 by Clifton Robbins,[4] also known as Cliff Robbins, a former partner at private equity giants KKR[5] and General Atlantic.[6]
As of June 2019, the firm managed more than $2.2 billion in capital,[6] which it mainly invested from two funds, the long-short Blue Harbour Strategic Value Partners fund and the long-only Blue Harbour Active Ownership Partners fund.[7] Blue Harbour’s investment team included CEO Cliff Robbins and Managing Directors Peter Carlin, Robb LeMasters, Todd Marcy and David Silverman.[citation needed]
On February 28, 2020, CEO and Founder Clifton S. Robbins announced that he would be closing Blue Harbour Group, which had $2 billion of assets under management, to set up a family office.[8][9] He informed investors that Blue Harbour intended to return all investors' capital later in the year and close the funds.[8][10]
Investment strategy
Blue Harbour took ownership stakes in publicly traded companies whose management teams were looking to increase in value.[11] Blue Harbour focused on North American undervalued smallcap and midcap companies.[12]
Awards
In 2013, Business Insider named Blue Harbour Strategic Value Partners as one of “The 30 Hedge Funds That Crushed Wall Street in 2013.”[13]
Blue Harbour Group won the 2016 "Best U.S. Activist Hedge Fund Manager" by Hedgeweek,[14] and the 2017 Hedge Fund Industry Awards' "Activist Hedge Fund Manager of the Year" by Institutional Investor.[13]
References
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