New Office
Partners Capital Heralds US West Coast Expansion

The firm is based in London, Boston, New York, Hong Kong and Singapore, and now is adding San Francisco to its physical presence.
Partners
Capital, the outsourced investment office operating in North
America, Europe and Asia, has opened a San Francisco office,
targeting high net worth clients, endowments and
foundations.
The firm, which oversees $24 billion of assets, said the office
which is to be opened in July next year, will be headed by
Sudharshan Murugesu, who joined Partners Capital in 2013 after
working at investment houses Bain Capital, Marshall Wace and
Vantage Investment Management. In 2017 the firm supported
Murugesu’s entry to Harvard Business School, from which he will
graduate in 2019 and move to San Francisco.
The West Coast team will be supported primarily by the Boston
office of 47 professionals but will also work closely with the
other offices.
Partners Capital founder and CEO Stan Miranda, who recently
stated that the firm is keen to accelerate activities on the West
Coast, has already relocated part-time to the region. Miranda
will work with one team member who has been located in San
Francisco over the past two years supporting its existing West
Coast clients, plus several team members who will be
relocating from other Partners Capital offices.
"Building out our West Coast presence is the highest strategic
priority in the firm today given the role technology will play in
the investment world,” Miranda said.
“Asset managers across every asset class should be transforming
their businesses in terms of how they source, analyse, and manage
their portfolios of investments. Every private and public equity
investor is looking at companies through more of a 'technology
lens' as they attempt to ascertain ahead of others who will be
the winners and losers from digital transformation. To fully
appreciate the pace and scale of this transformation, we must
have a physical presence in the Bay Area," he said.
Miranda plans to split his time in the coming years between the
West Coast and Europe.
Partners Capital already has relationships with West Coast asset
managers including Andreessen Horowitz, Sequoia, Francisco
Partners, Golden Gate Capital, DoubleLine, Post Advisory Group,
amongst others.
The San Francisco team will also take over responsibility for
serving many of Partners Capital's existing West Coast clients
including the LA Museum of Contemporary Art, The Seaver Institute
and several Californian private clients, mostly private equity
professionals.
"There are over 700 California foundations with assets between
$100 million and $1 billion, many of which are lagging in
performance unnecessarily, due to the difficulty associated with
identifying and accessing the very small and rare universe of
exceptional active asset managers. Many of these institutions'
advisors and investment committees do not have either the
capabilities or time to build out a strong stable of asset
managers, especially in alternative asset classes such as private
equity and absolute return,” Murugesu said.
The firm is based in London, Boston, New York, Hong Kong and
Singapore. Its institutional clients include nine Oxford and
Cambridge Colleges, Eton College, the Met Opera (NY), the
Research Foundation for the State of New York's University
System, the Royal Academy of Arts, Milton Academy and the Cancer
Research Institute.