AFRICA – CrossBoundary Group, an investment firm, and Brown Advisory, one of the largest privately held U.S. investment management firms, have formed a strategic partnership that includes a minority investment by Brown Advisory in CrossBoundary Group and initiatives for both firms to collaborate on a global basis.
The partnership underpins the shared belief of both firms in three major trends: an increasingly interconnected world and the rising importance of global frontier markets; the necessity of incorporating environmental, social, and governance elements into investment decisions; and a shift towards impact principles in the capital allocation philosophies of the next generation of wealth creators.
“Investors all over the world are realising how the intersection of financial, social and environmental ideas can lead to better investment results. Historically, many investors believed they needed to make a trade-off between returns and values,” Brown Advisory CEO, Mike Hankin, he said.
“We expect that our partnership with CrossBoundary will provide us, and our clients, with increased access to the frontier of sustainable and inclusive investment opportunities.”Mike Hankin – CEO, Brown Advisory
“But over many years we have found that our focus on sustainability has contributed positively to returns. We expect that our partnership with CrossBoundary will provide us, and our clients, with increased access to the frontier of sustainable and inclusive investment opportunities.”
Matthew Tilleard, co-founder of CrossBoundary Group, spoke about the shared ethos between the two firms saying that the partnership came about because of a shared sense of values, purpose, culture and mission.
“For CrossBoundary Group, this partnership gives us an opportunity to learn and benefit from Brown Advisory’s impressive growth story and strong foundations,” he said.
Tom Flahive, partner of CrossBoundary Group, said that this does not represent a new direction for CrossBoundary, but an acceleration on our existing path that enables greater strategic flexibility to progress on our growth strategy and long-term vision.
“Our investment was primarily driven by our strong belief in the team, our shared values and a wide range of strategic opportunities for collaboration in thought leadership and network expansion,” Elise Liberto, who led the deal for Brown Advisory, noted.
“As we worked with the CrossBoundary team, Dave Churchill, our CFO and COO, would remind us of the parallels between their firm and the early growth of Brown Advisory. We are excited to help CrossBoundary in its mission in whatever way we can.”
Founded in 2011, CrossBoundary Group provides a broad spectrum of investment and transaction advisory services across a range of sectors in underserved markets globally. The firm has over 100 professional staff, and offices in Accra, Bamako, Bangkok, Beirut, Bogota, Chișinău, Dakar, Dubai, Ebene, Erbil, Johannesburg, Kabul, Lagos, London, Nairobi, Tunis, New York City and Washington D.C.