Spouting Rock Asset Management, LLC, a multi-boutique manager platform providing investment solutions and services, today announced a joint backing with Copper Rock management of Copper Rock Capital Partners, LLC, a specialized growth equity investment manager of small- and mid-cap international, global and emerging markets equity strategies, in a buyout from BrightSphere Investment Group, Inc. The former parent company sold its 65% equity interest in the firm to Copper Rock employees and Spouting Rock Asset Management. Under the terms of the new agreement, Copper Rock employees will be majority owners and Spouting Rock Asset Management will become the minority owner. Spouting Rock Asset Management has great confidence in the Copper Rock team and looks forward to building a strong partnership together.
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