Boutique asset management firm Spouting Rock is investing in London-based responsible investment manager Alquity and will be making that firm’s funds available to clients, the companies announced on Wednesday.
The deal comes on the heels of a growth spurt for Bryn Mawr, Pennsylvania-based Spouting Rock, which last year finalised its acquisition of Penn Capital, and in doing so quadrupled its assets under management.
The partnership establishes a means of distribution of Alquity’s ESG and impact products stateside including its Global Impact, Future World Global Emerging Markets and Indian Subcontinent funds.
“The North American market is an exciting opportunity to make a difference and deliver impact at scale. Both the US and Canada are prime markets to get ahead of the ESG and impact curve,” Alquity CEO Brad Crombie stated.
The firm’s founder Paul Robinson said the new market has much potential for the company’s funds.
“Building a presence in the US market will create an opportunity for us to achieve a quantum leap in AUM and therefore the lives we transform,” Robinson said. “Alquity is all about building a better fairer and more sustainable world. Our portfolios drive better corporate behaviours and progress towards the UN Sustainable Development Goals.”
Spouting Rock Asset Management launched in 2018 out of a family office and is a multi-boutique firm providing alternative, traditional and thematic investment options. As of the end of March, Spouting Rock’s total AUM, including non-discretionary assets, sat at $3.1bn, according to the firm.
Alquity, which launched in 2010, has investments globally and reports AUM of $126m as of the end of March.
