Riverbridge Partners has launched its first mutual fund, the Riverbridge Growth Fund, which is available through two different share classes, investor class and institutional class.
The minimum initial investment for investor class shares is USD2,500 and the minimum initial investment for institutional class shares is USD1m.
The new fund invests in US equities across all market capitalisations. It is managed by the Riverbridge investment team, which has been managing growth equity separate account strategies for over 25 years. The team includes three portfolio managers, who have worked together for over 20 years, and four research analysts.
The Riverbridge Growth Fund is modelled after the Riverbridge All Cap Growth portfolio, the firm’s flagship investment strategy. The fund is invested using the same investment disciplines on which Riverbridge was founded in 1987.
“We have been managing separate accounts for over 25 years and we are excited to offer our investment strategy by way of a mutual fund,” says Mark Thompson (pictured), chief investment officer. “The investment success of our clients is our number one concern. And, with this launch, we will be able to serve the investment needs of a broader clientele.”
The team strives to invest the fund in high quality, well-managed businesses that are competitively positioned and have the ability to sustain strong earnings growth over long periods of time. These investment disciplines have been in place since the inception of the firm.
“Riverbridge has never deviated from its stated investment philosophy of buying differentiated, well-managed growth companies,” says Thompson. “Furthermore, our clients can be assured that we are committed to the consistent application of our timeless investment process, because consistent disciplines are the key to long-term investment success.”