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Rosemont Sells Minority Equity Interest in Boston Common Asset Management
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CONSHOHOCKEN, Pa., Feb. 1, 2021 /PRNewswire/ Rosemont, a private investor in employee-owned asset and wealth management firms, announces the sale of Rosemont Partners III, LP s minority equity interest in Boston Common Asset Management, LLC. Rosemont s interest was acquired by Affiliated Managers Group, Inc. and employees of Boston Common.
Boston Common, a majority women-owned and employee-owned firm dedicated to sustainable and impact investing, was founded in 2003 by ESG pioneer Geeta Aiyer. Rosemont partnered with Boston Common in 2016, acquiring a minority stake through its third and final private equity fund. During its collaboration with Rosemont, Boston Common achieved several notable milestones, including nearly doubling its assets under management, expanding its global client base and hiring Allyson McDonald as its Chief Executive Officer.