Monterone and Stride Conclude Successful Partnership
Financial Times – January 21, 2020
Monterone Partners LLP (“Monterone”) and Stride Capital Group, LP (“Stride”) today announced that Monterone will buy back Stride’s revenue-share interest, as contemplated by their original agreement. Following the buy-back, Monterone will have a 100% interest in firm revenue, and its management will continue to be the sole shareholder of Monterone. While this ends the successful partnership between the two firms, Monterone is pleased that Stride will remain an investor in the fund.
Since its inception in 2015, Monterone has outperformed the European equity market by nearly 5% per annum and has grown assets under management to USD 370m, a seven-fold increase since Stride invested in the fund in 2016.
Markus Taraba, CEO and Portfolio Manager of Monterone, said: “We are grateful for Stride’s early backing of Monterone, which has enabled us to reach the next phase of our development. We have laid strong foundations that will serve us well, as we continue to focus on generating attractive returns, constructively engaging with companies and growing our business.”
Don Rogers, Founder and Managing Partner of Stride Capital Group, said “We are thrilled with the success of Monterone. Stride earned an attractive return on our investment and as an anchor investor in the earliest stages of the business, helped build a talented new manager that can be accessed by investors around the world. We are pleased to see Monterone reach this new stage of independence and continue to deliver value to investors.”
About Monterone Partners
Monterone Partners is a long-term, concentrated investor focused on Western European public equities. The firm is based in London and currently has assets under management of USD 370m.
About Stride
Stride Capital is a seed investor, partnering with unique and exceptional talent to build a next generation of investment managers. Stride has five portfolio companies today, and more than $1 billion of affiliated assets.