Old city investment partners is an investment management company based in Philadelphia, USA. It was founded in 2004 by Eric Statler and Daniel McNally. Over the years, it has grown to become a respected investment firm managing billions in assets. This article will focus on the key facts surrounding the ownership structure of Old city investment partners. We will look at the founders, major shareholders, executives as well as the implications of its ownership model on the company’s investment philosophy and culture.
Eric Statler and Daniel McNally are the founders and majority owners
Eric Statler and Daniel McNally founded Old city investment partners in 2004. They each own over 25% of the company and serve as co-managing partners. This makes Statler and McNally the majority shareholders and owners of Old city investment partners. The two founders have worked together since 1997 and share a common investment philosophy that guides the company’s investment approach. Their significant ownership stakes ensure that the company’s investment culture aligns with their philosophy.
Other executives own minor equity stakes
In addition to the founders, other executives at Old city investment partners own minor equity stakes in the company. For instance, the firm’s CIO Adam Campbell owns around 5% of the company. Other portfolio managers and executives own smaller stakes. However, the founders remain the majority shareholders. Allowing executives to own equity incentivizes them to align their interests with those of clients and the overall company. It enhances retention rates and promotes prudent long-term investing.
Ownership structure enables client-focused culture
The concentrated ownership structure where the founders own the majority of Old city investment partners enables a client-focused investment culture. With their substantial equity stake, the founders are not beholden to outside investors pressuring them to deliver short-term results. They can focus on long-term value creation for their clients. The company takes a conservative approach to investing and avoids get-rich-quick investment schemes. This highlights how its ownership model directly impacts Old city’s client-first investment philosophy.
Cultivates stability and consistency
Additionally, the concentrated ownership provides stability and consistency for Old city investment partners. Since the founders own over 50% of the company, there is no risk of activism from minority shareholders looking to force short-term changes. The company can stick to its long-term investment principles without interference. There is continuity in the investment approach as the founders shape the culture. This stability is reassuring for clients looking for steady and consistent investment management.
In summary, Old city investment partners’ founders Eric Statler and Daniel McNally hold majority ownership stakes, enabling a client-focused and conservative investment culture. The ownership structure cultivates stability and a long-term investment philosophy benefitting clients.