Blue Harbour Group
From Wikipedia, the free encyclopedia
 | |
| Industry | Investment Management |
|---|---|
| Headquarters | , |
Area served | Worldwide (investors); North America (investments) |
Key people | Clifton S. Robbins (Founder and CEO) |
| AUM | US$ 2.1 billion (as of June 30, 2019)[1] |
Number of employees | 18 |
| Website | www.bhgrp.com |
Blue Harbour Group was an American investment firm that managed capital for pension funds, endowments, sovereign wealth funds, labor unions and other institutional investors.[2] The company was based in Greenwich, Connecticut.[2]
Blue Harbour had an Environmental, Social and Governance (ESG) component to its investment process, and had been a signatory to the UN Principles for Responsible Investment.[3]
Blue Harbour Group was founded in 2004 by Clifton Robbins,[4] also known as Cliff Robbins, a former partner at private equity giants KKR[5] and General Atlantic.[6]
As of June 2019, the firm managed more than $2.2 billion in capital,[6] which it mainly invested from two funds, the long-short Blue Harbour Strategic Value Partners fund and the long-only Blue Harbour Active Ownership Partners fund.[7] Blue Harbour’s investment team included CEO Cliff Robbins and Managing Directors Peter Carlin, Robb LeMasters, Todd Marcy and David Silverman.[citation needed]
On February 28, 2020, CEO and Founder Clifton S. Robbins announced that he would be closing Blue Harbour Group, which had $2 billion of assets under management, to set up a family office.[8][9] He informed investors that Blue Harbour intended to return all investors' capital later in the year and close the funds.[8][10]