Firm Description
Partners Capital Investment Group, LLP (“Partners Capital” or the “Firm”), a Delaware limited
liability partnership, is an investment adviser based in London, New York City, Boston, San Francisco,
Singapore, Hong Kong, and Paris. We provide wholly independent advice on asset allocation and
what we believe to be the best of breed asset manager selection across all asset classes and
geographic markets. We commenced investment activities in 2001 with a base of about 70 clients,
which has now grown to approximately 600 globally. These initial clients were all sophisticated, well
informed, experienced investors, often from within the investment community who, as clients,
enhanced our ability to access what we believe to be the best asset managers. We have extended
this group to include sophisticated family offices, wealthy entrepreneurs, foundations, endowments
and other institutions.
Types of Advisory Services
Partners Capital provides investment advice related to overall asset allocation, asset allocation
within asset classes and investment product recommendations. Partners Capital advises clients and
serves as the general partner of privately offered domestic funds (i.e., US domiciled entities) and as
the investment manager to privately offered offshore funds (i.e., Cayman Island domiciled entities)
(each a “Fund” and collectively the “Funds”). We primarily allocate assets of clients to other pooled
vehicles or separate accounts managed by third-party professional fund managers, including hedge
fund managers, private equity managers, and other asset class managers (collectively, “Investment
Managers”) that utilize a wide variety of strategies.
Tailored Relationships
We aim to provide our clients with highly customized investment advice which diversifies their
portfolios across all asset classes including but not limited to public equity, private equity, property,
commodities, fixed income, credit and hedge funds.
Our mandates range from full discretion to purely advisory. The engagement is driven by each
client’s specific circumstances and internal governance model. Clients have the ability to place
limitations and restrictions on securities purchased or sold or other
investments made in their
account.
Investment Vehicles
Typical investment vehicles we advise on generally include, but are not limited to, publicly-traded
mutual funds, private placement vehicles (e.g., hedge funds or private equity funds), other private
investments, separately managed accounts, unit trusts and exchange-traded funds (“ETFs”). In
general, we are not advising clients on individual stocks or bonds, except in the context of overall
asset allocation or with respect to the co-invest strategies.
The domestic and offshore entities managed by the Firm are referred to herein as the “Funds” and
other clients (e.g., individuals, trusts, separately managed accounts, etc.) are referred to as "Other
Clients" (together, our “Clients”). The Funds are designed as pooled vehicles and invest in certain
limited partnerships or other investments. Partners Capital has the discretion to cause the Funds
to invest in investments as described in each of the respective Fund’s private placement
memorandum or limited partnership agreements. The Funds are (a) privately placed, (b) not
registered under the Investment Company Act of 1940, as amended, and (c) may or may not be
continuously offered.
Principal Services Provided
The main services provided to Clients include but are not limited to:
• Research, identify, monitor, evaluate and meet with potential Investment Managers;
• Select Investment Managers for the Funds or Other Clients;
• Advise Other Clients as to the availability of opportunities to invest funds with particular
Investment Managers;
• Assess the performance of Investment Managers managing assets of Clients and make
periodic recommendations to Clients with respect to such performance; and
• Maintain records for Clients relating to their recommendations, retention, performance
and services of Investment Managers selected and recommended by Partners Capital.
Assets Under Management
Partners Capital manages Client assets on a discretionary and a non-discretionary basis. As of
December 31, 2023, assets under management for US Clients were:
USD
Discretionary $21,808,996,457
Non-Discretionary $13,524,334,804
Total (US Clients only) $35,333,331,260