- Partners Capital announced it hired Marc Schwartz as a strategic advisor to its recently opened West Coast office
Partners Capital — a $26 billion Outsourced Investment Office (OCIO) primarily serving institutions and senior investment professionals in Europe, North America, and Asia — announced it hired Marc Schwartz as a strategic advisor to its recently opened West Coast office.
Schwartz was previously the Chief Investment Officer for the Broad family office and The Broad Foundations in Los Angeles where he managed a global investment portfolio across all asset classes and strategies, including co-investments, seeding, and derivatives. The Broad Foundations investment portfolio — which included The Eli and Edythe Broad Foundation and The Broad Art Foundation — was approximately $2.5 billion.
“On behalf of our Board of Directors and our global partner group, it is my pleasure to welcome Marc to Partners Capital,” said Partners Capital chief executive and co-founder Stan Miranda. “Marc is an enormously talented individual with a rare blend of insight into multiple facets of the institutional investment industry and deep relationships within the investment community. We are very fortunate to have him join the Partners Capital group of strategic advisors and look forward to him applying his expertise to our vision for growing our West Coast business as well as supporting us in evolving our global investment strategy.”
Before joining Eli Broad, Schwartz was a Managing Director at Reservoir Capital — which is an opportunistic investment firm managing over $5 billion — where he worked in various roles and on a number of fund investment committees and advisory boards.
Schwartz has an MBA from Stanford University Graduate School of Business and he graduated magna cum laude from Harvard College.
Partners Capital had opened its West Coast office in July 2019 headed by Sudharshan Murugesu, CFA. And it is their seventh office serving prominent endowments, foundations, and high net worth families.
“The West Coast team is thrilled to have Marc joining and I am personally looking forward to working together on finding new investment opportunities and growing our endowment and foundation outsourced investment advisory business in California. This is a region where we see over 700 institutions in the $100 million to $1 billion assets under management range, which constitutes our sweet spot, and may find our 175-person global team a superior alternative to internal management of their portfolios,” added Murugesu.
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