BA
Brown Advisory
Corporate · Founded 1993 · Austin, United States
Who Brown Advisory is.
- Historical Background
- Brown Advisory was established in 1993 as the investment management division of Alex. Brown & Sons. In 1998, the firm's leadership purchased the company from its then-parent, Bankers Trust, transforming it into a private, independent entity.
- Source of Capital
- The firm operates as a private, independent, and colleague-owned entity. Approximately 70% of the company's equity is held by current and former employees, with the remaining 30% owned by a select group of clients and private investors.
- Major Events
- In 2008, the firm merged with the Alex. Brown Investment Management (ABIM) unit. The company acquired NextGen Venture Partners, a venture capital firm, in February 2018. In March 2018, Brown Advisory completed the acquisition of Meritage Capital, an investment management firm based in Austin, Texas.
- Allocation Strategy
- The firm's investment approach is centered on active management across equity, fixed income, and balanced portfolios. It employs a long-term perspective, utilizing fundamental credit research and a scenario-based methodology to assess risk and potential returns in its fixed-income strategies. For its global equity strategies, the firm concentrates on identifying companies with strong franchise quality and capable management. The firm's 2025 outlook highlights opportunities in the energy, aerospace, and defense sectors, influenced by global supply chain shifts and increased defense expenditures.
The funds Brown Advisory backs.
Brown Advisory is a limited partner in 32 funds. 9 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
How Brown Advisory’s fund book is spread.
The 32 funds Brown Advisory backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 30 of 32 with a location on record.
- North America 2997%
- Europe 13%
United States 29 · Ireland 1
How established those managers are
Managers grouped by how many funds they have raised — across the 26 of 32 with a fund history on record.
The companies Brown Advisory backs directly.
Brown Advisory holds 10 companies directly, separate from the funds it commits to as a limited partner.
Inside Brown Advisory’s portfolio.
The 10 highest-funded portfolio companies, of 10 tracked.
ImThDePhBuRoWoAxLeCaWhere Brown Advisory’s portfolio founders come from.
14 founders across the 10 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
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United States14
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Johns Hopkins University2
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Stanford University2
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Boston College1
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Georgetown University McDonough School of Business1
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Goucher College1
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Harvard University1
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James Madison University1
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KU Leuven1
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London School of Economics and Political Science1
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Loyola Marymount University1
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American Association for Cancer Research1
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American Medical Response1
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American University of Armenia1
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Bill Me Later1
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Forbes1
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Georgetown University McDonough School of Business1
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Hurco Companies1
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Imaging Advantage1
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Northwestern Medical Faculty Foundation1
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Palomar Ventures1
Other LPs.
Other corporate and insurance LPs in the Power Law LP ranking, closest to Brown Advisory by combined power-law score — North America first, then the nearest worldwide.