Keep pulling the thread on Brett Barth, Evan Roth.
BBR Partners manages $32 billion in assets for approximately 180 wealthy families, with an average family wealth of about $150 million.
In 2010, BBR Partners brought in Lincoln Peak as a passive minority partner to facilitate the buyout of founding partner Art Black.
Following the investment from Lincoln Peak in 2010, BBR Partners made a strategic decision that the company would never be for sale.
Brett Barth predicts that private equity returns will be lower over the next 25 years than they have been over the past 25 years.
BBR Partners currently employs 190 people and operates offices in New York, Chicago, and San Francisco.
The founders of BBR Partners, who previously worked at large banks like Goldman Sachs, created the firm to address perceived flaws in the big bank model for serving wealthy families.
BBR Partners' investment strategy of avoiding the dot-com bubble led to positive returns for its first clients in 2000-2002, while traditional 60/40 portfolios were declining.
From its inception, BBR Partners has structured its compensation model so that no employee is paid on commission, ensuring a team-oriented approach.
In 2007, the founders of BBR Partners hired a management coach to improve their leadership skills, a practice that has since expanded to nearly every senior person at the firm.
BBR Partners' investment approach allocates capital to strategies, not traditional asset classes, and categorizes them into either "stable returning lower risk" or "higher returning higher risk" buckets.
Brett Barth believes the most attractive investment alpha today comes from areas with a lack of capital, which can be caused by sectors being out of favor, regulatory changes, or assets being pre-institutional.
BBR Partners began investing in core real estate in 2022 after considering the asset class uninvestable for the previous 20 years, citing a lack of capital in the sector as the reason for the change.