Partners Capital acts as the OCIO to endowments, foundations and high-net-worth private clients.[5][6] Its private clients are primarily money managers, including senior partners and founders of investment firms.[7][8] The firm was founded in London in 2001 by Stan Miranda and Paul Dimitruk. Since its inception, the firm has grown from US$10 million in assets to US$65 billion in 2025. Today, the firm has offices in London, Boston, New York, San Francisco, Dallas, Paris, Singapore and Hong Kong and has over 360 employees.[7]
The firm invests exclusively with unaffiliated managers with which it shares no economics. The firm believes that the OCIO’s role should be entirely separate from the role of managing assets.[9][10]
Partners Capital has commented publicly about the need for the ”Yale Model” of endowment investing to evolve to reflect key lessons of the 2008 financial crisis.[11]
Partners Capital has clients globally. Notable European institutional clients include individual colleges at Cambridge and Oxford universities, INSEAD, the Royal Academy of Arts and the National Gallery Trust.[12]
Notable US institutional clients include the Research Foundation for the State University of New York’s University System,[13] Syracuse University,[14] Milton Academy,[15] the Berkshire School, the Los Angeles Museum of Contemporary Art, and the Cancer Research Institute.[16]
Prior to Partners Capital, Stan Miranda was a partner at Bain and Company, specializing in private equity.[17][18] Paul Dimitruk was a co-founder, chairman and CEO of asset manager Pareto Partners and prior to that a partner at Investcorp, where he specialised in private equity.[8][19]