- Leading private asset management company Griffin Capital Company announced it saw a record $2.43 billion in funding last year
Leading private asset management company Griffin Capital Company recently announced several major milestones it achieved in 2019. For the year 2019, the company raised about $2.43 billion, including $0.25 billion in Distribution Reinvestment Programs — which is a record for the company. This is a 49.7% increase for the company compared to 2018.
Ever since January 2012, Griffin raised $14 billion of investor equity. And the company also deployed that capital across a platform of investment solutions including interval funds, private placements, REITs and tax-advantaged strategies.
Griffin Capital said that its success in 2019 is attributed to the consistent and strong performance of its investment products and its ability to execute on a long-term strategic vision of bringing best-in-class solutions to market.
For example, the firm’s Institutional Access platform of interval funds led in capital raising. That platform raised over $1.7 billion in 2019 — which brought the total equity under management to $4.5 billion.
“We are pleased with our record capital raising in 2019, made possible by the confidence that financial advisors and investors have placed in our firm and our investment solutions,” said Griffin Capital chairman and chief executive officer Kevin Shields, Chairman and CEO of Griffin Capital Company. “Their trust enables our portfolio management teams to take advantage of market opportunities and grow and further diversify our Funds. 2020 marks our 25th year in business, and we continue to be driven by the same philosophy we put in place when I founded the firm: protect and grow our investors’ capital through compelling and timely investment solutions, deliver strong risk-adjusted returns and always provide a superior customer experience.”
The company’s record 2019 results were facilitated by the execution on multiple key initiatives — which are part of the company’s strategic vision and long-term plan. And many of these initiatives were implemented within Griffin Capital Securities. This includes the expansion of its footprint within the Registered Investment Advisor (RIA) segment via the launch of the Institutional Consulting Group, the installation of a CRM and customer engagement platform and the integration of innovative data systems.
Plus the firm has been hosting augmented educational and thought leadership events — which are similar to those that it delivered for thousands of advisors over more than a decade. This education included more advanced and sophisticated financial planning and financial model-oriented content. Last year, the events include executive roundtables, due diligence meetings, national roadshows and interactive webinars.
“Our results are led by the strong and consistent performance of our investment solutions and our team’s thoughtful execution of our long-term strategy,” explained Griffin Capital Securities chief executive officer Mark Goldberg. “At GCS in 2019, we focused on expanded distribution, education, integrated technology and superior service to meet the everchanging needs of our clients. Team members from across all functions came together to help us accomplish our mission; that is a solid foundation upon which we will continue to build in 2020.”
