Eurazeo is committed to support iM Square’s
investments over the next few years and is expected to become its reference shareholder. Other
founding shareholder Le Groupe Dassault / La Maison will also participate.
- iM Square announces its renewed objective to invest with current and future shareholders
over $500 million within 2 to 4 years
- iM Square announces the launch iM Global Partner US, its new American distribution platform
This new commitment will enable iM Square to acquire 3 to 6 additional participations in
entrepreneurial active asset managers with $1 to 20 billion of AUM, high growth potential and
complementary strategies, such as alternative management. Most of the targeted asset managers are
based in the US and Europe. In additional to permanent capital, iM Square also brings financial and
operational support as well as bespoke investment and distribution capabilities to its partners, which
makes iM Square’s model unique in Europe.
Since 2015, iM Square has successfully acquired minority stakes in two US asset management
companies: Polen Capital, an independent management firm specialised in growth stocks and Dolan
McEniry Capital, specialised in US corporate bonds. Their respective assets under management continue
to undergo strong growth: Polen Capital’s AUM grew from $7.5 billion to $17.4 billion since the
partnership with iM Square in 2016, while Dolan McEniry’s grew from $5.8 billion to almost $6.5 billion
since iM Square acquired its stake.
In addition, iM Square keeps on seeking for new shareholders which have distribution and investment
capabilities, in the US and Europe.
Supported by a strong pool of long term investors, iM Square’s objective is to invest with current and
future shareholders over $500 million within 2 to 4 years.
Philippe Couvrecelle, Founder and CEO of iM Square, declares: “This additional commitment from our
shareholders is a mark of trust and confidence which will allow us to accelerate the rollout of our
project, not only by acquiring stakes in new partner companies to complete our product offering, but
also by strengthening our distribution capability. Indeed, it comes at a time when we are launching our
US distribution platform and developing our distribution resources in Europe and within other markets.
It will enables to bring our current and future partners not only a source of permanent capital, but also a
unique distribution task force to partner and service their growth.”
Marc Frappier, Managing Partner of Eurazeo Capital, comments: “We are convinced that financial
services, and asset management in particular, are a promising investment sector for Eurazeo that
benefits from solid fundamentals. The launch of IM Square is a wonderful initiative that combines
growth and entrepreneurial spirit, in a particularly deep market, offering its shareholders the
opportunity to deploy several hundred million euros. We are delighted to support its founders by
providing them with the long-term horizon and financial strength adapted to their market.”
Launch of a US distribution platform, a unique differentiating advantage to entrepreneurial asset
manager.
iM Square also announces the launch of its US distribution platform, based on the model of its European
one. The company will support and develop the operational distribution capability of its current and
future partners in Europe and the US, which are both core markets.
In order to ensure the ambitious development of iM Global Partner US, iM Square announces the
appointment of Jeffrey Seeley as Head of iM Global Partner US . As former Head of Distribution at AMG
Funds, he has a perfect knowledge of US distribution platforms, strategic partnerships as well as
collaboratively working with our investment management partners to continue their asset growth
successes.
Through its two platforms, iM Square will bring its support and expertise in European and US
distribution to its partners’ funds. iM Square aims to help its partners reach significant international
clients (private banks, institutional investors, banking and insurance groups, funds selectors and
distribution platforms) and notably their capacity to develop UCIT funds within European markets.
The two iM Global Partners platforms’ teams will bring together strong expertise based out in Europe
and the US. The objective is to grow the team to 20 people to ensure the best partnership possible with
the investment companies bringing not only a global distribution platform for their products but also a
tailored access to unexplored client capabilities and segments of distribution.
Philippe Couvrecelle, President of iM Square, concludes: “We have strong ambitions for the
development of our two distribution platforms in order to provide our current and future partners with
the capability to support their growth and to bring them an international distribution capacity, allowing
them to fully focus on the management and performances of their funds ”.
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