“Our culture of an entrepreneurial spirit and a relentless focus on aligning the interests of our clients and partners is what makes us unique and separates us from our competition.”
– Tim Ford, President and Chief Executive Officer
Since the inception of Foundry Partners in 2013, the culture of the firm has been the single most important driving force of our success. We believe that putting our focus on our clients and building the best team to execute for them is what defines us. The intellectual capital of our experienced professionals, who bring an extensive knowledge of the market and investment skills provides a solid foundation that our clients can feel secure in. We take great pride in communicating regularly with our clients effectively and efficiently to ensure their success and the success of Foundry Partners in the marketplace.
Foundry Partners LLC was established September of 2012 and officially commenced operations as of February 1, 2013. The impetus for this move to independence developed when the principals of Foundry Partners (former Fifth Third Asset Management employees) acquired the growth and value products/assets from Fifth Third Asset Management, Inc. (FTAM). The transaction saw a 99% commitment rate to Foundry Partners. Foundry Partners is majority owned by the partners of the firm with Rosemont Partners, LLC holding a minority interest.
The relationship between the principals of Foundry Partners and Rosemont Partners started in 2006 as the Foundry Partners principals were looking for a private equity partner that shared the same core values of integrity and trust. The cultures of the two firms is a common thread that has contributed to the growth and prosperity of Foundry Partners since the inception of the firm.
As part of Foundry’s long term plan to grow both organically and strategic acquisition, Foundry Partners added to its Cleveland office with the acquisition of the Small and Mid-Cap Value team (and assets) from Dreman Value Management in 2016. This was followed by a similar transaction with Minneapolis growth manager, Arbor Capital Management, in late 2016. As part of each transaction, the accompanying portfolio management teams transitioned over to Foundry Partners.
All of Foundry Partners’ Lead Portfolio Managers in addition to other key employees, including the management team, are partners. The number of firm partners has grown from 3 in 2013 to 19 currently.