Announcing New Partnership: international long-only equity manager Blackcrane Capital
SEATTLE, (April 16, 2014) – Northern Lights Capital Group, LLC (“Northern Lights”), which provides strategic resources and capital to boutique asset management firms, has invested in Blackcrane Capital, LLC (“Blackcrane”), a Bellevue, Washington-based boutique asset manager investing primarily in international and global equities, it was announced today. Terms of the transaction were not disclosed.
Blackcrane Capital seeks to maximize excess returns through its unconstrained, concentrated portfolios and a differentiated investment approach. The firm was founded in 2012 by Daniel Kim, who serves as Chief Executive Officer and Chief Investment Officer. An 11-year industry veteran, Kim was most recently a partner and portfolio manager at Mastholm Asset Management prior to starting the new company.
“In our continuous effort to bring boutique global investment managers to market, we are very excited to be working with Daniel and his team, as we believe they offer a differentiated investment approach that investors may not see everyday,” said Paul Greenwood, managing director at Northern Lights. “We also love the fact that they attempt to maximize the value of their insights through highly concentrated portfolios.”
“Northern Lights has a demonstrated track record of supporting the growth of its portfolio companies,” Kim said. “We are pleased to have Paul and his team as partners as we continue to introduce our strategy to the marketplace and grow the business.”
Blackcrane builds strategies based on an investment process that has had more than a decade of application in the market. The firm seeks to identify opportunities at the intersection of fundamental and behavioral market inefficiencies. They avoid traditional investment methods such as stock screens and valuation-based price targets, as they believe they have the propensity to introduce unwanted biases into the investment process.
“There are a lot of talented investors out there looking at the same, overanalyzed fundamental factors such as strong cash flow generation and secular growth trends, which may lead to the dilution of investment returns over time. We seek to identify a small number of companies that possess the best characteristics of two very different investment approaches. These opportunities occur less frequently, but when they do, they have the ability to drive alpha,” Kim said.
Blackcrane currently offers both an international equity product, and a global equity strategy.
About Northern Lights Capital Group, LLC
Northern Lights Capital Group is dedicated to identifying and collaborating with leading boutique asset managers exhibiting exceptional investment skill with client-oriented business cultures. We apply our strategic resources, including operating capital, institutional distribution, access to seed capital, and operational expertise to help our partner companies excel. Northern Lights: Boundless Opportunities. Enlightened Investments.
About Blackcrane Capital, LLC
Blackcrane Capital is an investment management firm that provides investment advisory services to individuals and institutional clients. The company was formed in 2012 by Daniel Kim, Aaron Bower, Victor Lee, and Michelle Kim. The company’s mission is to provide investors with the purest form of active investment management. For more information please visit www.blackcranecap.com.