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Mesirow

Corporate · Founded 1937 · Chicago, United States

$56B assets under management

Independent, boutique asset management firm based in london with an office in hong kong;

53 funds backed Corporate · $56B AUM · LP rank #121 · 1 direct holdings · Last investment 9/2024
Funds backed 53
Power Law funds backed 11
Direct holdings 1
Background

Who Mesirow is.

Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.

Historical Background

  • Mesirow was established in 1937 by Norman Mesirow in Chicago, Illinois.
  • The firm is a privately held, 100% employee-owned entity, with all voting shares held by its employees.
  • In 2022, Natalie Brown was appointed as the sixth CEO, becoming the first woman to lead the company in its history.

Source of Capital

  • Mesirow provides investment solutions to a diverse client base that includes public and private pension plans, insurance companies, endowments, and high-net-worth individuals.
  • The firm's capital is derived from its advisory and investment management services offered to both institutional and retail clients.

Major Events

  • In January 2025, MetLife Investment Management entered into an agreement to acquire three of Mesirow's investment teams focusing on high yield and bank loans, strategic fixed income, and small-cap equity.
  • Mesirow acquired Bastion Management, a specialty finance lender focused on asset-backed loans, in December 2024 to expand its private credit offerings.
  • The firm sold its multi-manager hedge fund division, Mesirow Advanced Strategies, to Lighthouse Investment Partners.
  • Mesirow expanded its wealth management capabilities through the acquisition of Front Barnett, a firm with $1.2 billion in assets under management.

Allocation Strategy

  • The firm's investment activities are structured across three primary divisions: Global Investment Management, Capital Markets and Investment Banking, and Advisory Services.
  • Mesirow engages in both alternative and traditional investment strategies, with a focus on private equity, real estate, and private credit.
  • The private equity strategy targets high-quality funds through both primary investments and secondary market acquisitions to mitigate risk.
  • The firm's real estate activities include a value-add fund series that invests in multifamily properties across the United States.
Allocation

How Mesirow’s fund book is spread.

The 53 funds Mesirow backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters.

  • North America 4789%
  • Europe 611%
  • Rest of world 00%

United States 47 · United Kingdom 4 · Luxembourg 1 · Sweden 1

How established those managers are

Managers grouped by how many funds they have raised. 11 emerging (three funds or fewer), 29 established — across the 40 of 53 with a fund history on record.

2 1
2 2
7 3
2 4
7 5-6
9 7-9
3 10-14
8 15+
Funds raised by the manager
Emerging · up to 3 funds Established · 4 or more
Direct investments

The companies Mesirow backs directly.

Mesirow holds 1 company directly, separate from the funds it commits to as a limited partner.

How those direct holdings break down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA1
By sectorCount
  1. Engineering and Manufacturing Equipment1
By stage enteredCount
  1. Series A1
By growth stageCount
  1. Mature1
Figures on this page are sourced live from the Dealroom next-gen API, joined with Dealroom’s cap-table dataset (estimated holdings) and the Power Law Investor Ranking. News in “Featured in” is drawn from Dealroom’s own coverage — the stories that name this investor, not only those it is the subject of. Market sentiment is omitted until the API exposes it.