April 17, 2013
Good Harbor Financial, LLC, a leading tactical investment management company, has secured a $75 million equity commitment to support continued growth and development of the company’s core business. LLR Partners joins FTV Capital, CJM Ventures and members of Good Harbor company management, who retain majority control of the company, in the investment. The financing will be used to further enhance Good Harbor’s product, client service and distribution capabilities through both organic growth and acquisition.
Good Harbor’s tactical investment strategies and solutions serve individuals, institutions, and registered investment advisers. The firm uses both systematic and traditional methods to actively manage asset allocations of portfolios comprised primarily of exchange-traded funds.
Good Harbor’s flagship Tactical CoreSM U.S. strategy is systematically driven and has delivered consistent, strong returns as reflected in its 10-year, GIPS-compliant track record. The strategy was developed by Good Harbor Chairman and Chief Investment Officer, Neil Peplinski, in 2003 as a core strategy for 401(k) retirement accounts.
Other Good Harbor tactical investment strategies provide focused exposure to international equity, U.S. equity income, and global multi-asset core investment classes. The company continues to augment its product suite to meet increasing investor demand for tactical products that aim to deliver solid absolute returns in the face of highly volatile public markets.
“We are highly impressed by the achievements of the Good Harbor management team,” said Ben Cukier, FTV Capital partner and new Good Harbor board member. “The company has delivered distinctive products with strong market appeal and has built a distribution network that enables it to deliver top-notch customer service to its institutional partners. We look forward to helping the firm pursue further distribution capabilities by tapping into FTV’s Global Partner Network.”
“The Good Harbor team has a sophisticated understanding of today’s complex market dynamics, enabling them to build a scalable platform for delivering compelling investment products,” said Mitchell Hollin, partner at LLR Partners and new Good Harbor board member. “We believe investor appetite for Good Harbor’s product offerings will continue to grow exponentially as market volatility drives investors to seek absolute return strategies.”
“We are truly pleased to be partnering with these experienced growth equity firms,” said Paul Ingersoll, Chief Executive Officer of Good Harbor. “They have long track records of helping companies grow and scale successfully. FTV’s expertise from its previous accomplishments with asset management companies, such as PowerShares and ETF Securities, will contribute significantly to our product expansion. The industry relationships they bring to Good Harbor also represent important potential distribution opportunities.”