Granahan

Media Coverage

WALTHAM, Mass., Dec. 11, 2023 – For the third consecutive year, Granahan Investment Management, Inc. (GIM), a majority employee-owned boutique investment manager and small-cap equity specialist, has been named as a “Best Places to Work in Money Management” by Pensions & Investments, a leading global news source for the asset management industry. (Read more)


Granahan Investment Management Hires Kelvin Jiang, CFA, as Portfolio Manager WALTHAM, Mass., May 15, 2023 – Granahan Investment Management, LLC, an employee-owned SEC-registered small cap growth equity specialist, today announced the appointment of Kelvin Jiang, CFA, as portfolio manager. Before joining Granahan, Jiang was a portfolio manager and senior equity analyst for Monarch Partners Asset Management, where he focused on investments across small cap, micro cap, and SMID cap strategies. At Monarch, Jiang covered the technology sector, including semiconductors, software, IT services, communication services, fintech, Internet, digital media, and e-commerce firms. Before Monarch, he worked for Calamos Investments as a sector head in global technology and earlier for JP Morgan as a special situations investing associate. Jiang received an MBA in finance, management, and organization & entrepreneurship from the Kellogg School of Management at Northwestern University and a bachelor’s degree in computer science from Columbia University. "Kelvin is an experienced portfolio manager, with deep expertise in technology, a key area of focus for Granahan. We are pleased to welcome him to the team,” said Jane White, CEO and co-founder. At Granahan, Jiang joins a team of investment professionals managing nine U.S. and global micro cap, small cap, mid cap, and SMID cap strategies for institutions, family offices, and high net worth individuals worldwide. In April, Granahan launched its first Article 8 fund, promoting environmental and social characteristics, under the UCITS regulatory framework. The new UCITS fund—Granahan’s fourth UCITS offering for international investors—seeks to invest in U.S. growth companies whose products and services help others meet their ESG and sustainability goals. ABOUT GRANAHAN INVESTMENT MANAGEMENT Granahan Investment Management, LLC, founded in 1985, is a small-cap growth equity specialist with broad employee ownership and $3.3 billion in assets under management as of March 31, 2023. The firm offers micro cap, small cap, mid cap, and SMID strategies for institutions, family offices, and high net worth individuals worldwide.  In 2022 the firm was named for the second consecutive year as a "Best Places to Work in Money Management" by Pensions & Investments and is a founding member of the Wall Street Diversity Accelerator Program (WSDA), which is entering its fourth year. For more information, visit www.granahan.com. Media contacts: Margaret Kirch Cohen/Rich Chimberg Newton Park PR, LLC +1 847-507-2229/+1 617-312-4281 margaret@newtonparkpr.com / rich@newtonparkpr.com


Granahan Investment Management Launches First Article 8 UCITS Fund Invests in Small/Mid-Cap U.S. Growth Companies Whose Products Help Other Firms Meet Sustainability Goals WALTHAM, Mass., April 17, 2023 - Granahan Investment Management, Inc., an employee-owned SEC-registered small cap growth equity specialist, today launched its first Article 8 fund, promoting environmental and social characteristics, under the UCITS regulatory framework. The new UCITS fund seeks to invest in U.S. growth companies whose products and services help others meet their ESG and sustainability goals. Article 8 funds follow European Sustainable Finance Disclosure Regulation (SFDR) standards. Granahan is working with London-based Daymer Bay Capital to distribute and market the UCITS fund to investors in the U.K., Netherlands, Belgium, Guernsey, Jersey, Switzerland, Denmark, Norway, Sweden and Finland. The fund has $10 million in assets at launch from a U.K.-based anchor investor. The fund invests in 40-50 small and mid-cap companies, and its clean energy weighting is typically 25-45%. Granahan will use the principles of an existing strategy launched to U.S. investors on Aug. 31, 2020, and is available in the U.S. only as a separately managed account. Since inception through Dec. 31, 2022, the strategy had an annualized return of 14.2%, net of fees, versus -1.4% for its benchmark, the Russell 2500 Growth Index. The fund is aligned with UN Sustainable Development Goals and invests in growth companies helping to facilitate clean energy, pollution reduction, energy efficiency, social justice and opportunity, improved healthcare outcomes and clean water supply. “We believe that sustainability is the most important driving factor in the 21st century global economy,” said David M. Rose, CFA, Granahan's chief investment officer and portfolio manager of the fund.  “Our European clients agree. Their interest in our existing U.S. strategy led us to launch this new UCITS fund, recognizing that many small- and mid-size companies are driving the innovation required to meet sustainability objectives globally .” This is the fourth UCITS fund introduced by Massachusetts-based Granahan Investment Management. The firm also offers its U.S. Focused Growth, U.S. SMID Select, and U.S. Small Cap Discoveries strategies as UCITS funds. Granahan manages $3.3 billion for institutions and individuals globally. ABOUT GRANAHAN INVESTMENT MANAGEMENT Granahan Investment Management, Inc. (GIM), founded in 1985, is a small-cap growth equity specialist with broad employee ownership and $3.3 billion in assets under management as of Dec. 31, 2022. The firm offers micro cap, small cap, mid cap, and SMID strategies for institutions and high net worth individuals worldwide.  In 2022 the firm was named for the second consecutive year as a "Best Places to Work in Money Management" by Pensions & Investments. For more information, visit www.granahanfunds.com. (Read More)


WALTHAM, Mass.Dec. 12, 2022 - Granahan Investment Management, Inc. (GIM), a majority employee-owned boutique investment manager and small-cap equity specialist, has been named for the second consecutive year as a "Best Places to Work in Money Management" by Pensions & Investments, a leading global news source for the asset management industry. The 2022 award is part of the publication's 11th annual survey and recognition program, which is dedicated to identifying and recognizing the best employers in the money management industry. "We are honored to be recognized again by Pensions & Investments with a "Best Places to Work in Money Management" award," said Jane White, CEO of Granahan Investment Management. "Since our founding in 1985, our distinctive culture has been grounded in cooperation, respect, and a shared goal of providing our investors with superior performance and client service." Waltham, Mass.-based GIM was founded by investment professionals with a passion for small-cap growth equities and a focus on bottom-up stock selection. GIM's close-knit team works collaboratively while offering a healthy diversity of opinion. "As their employees attest, the companies named to this year's Best Places to Work list demonstrate a commitment to building and maintaining a strong workplace culture,'' said Julie Tatge, executive editor, Pensions & Investments. "Even as firms grappled with volatile markets and stresses from the pandemic, their employees said they felt strong support from their managers, enabling them to do their best work." Pensions & Investments partnered with Best Companies Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees. The first part, worth approximately 25% of the evaluation, consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems, and demographics. The second part, worth about 75% of the evaluation, consisted of an employee survey to measure the employee experience. The combined scores determined the top companies. For a complete list of the 2022 Pensions & Investments Best Places to Work in Money Management winners and write-ups, go to www.pionline.com/BPTW2022.

ABOUT GRANAHAN INVESTMENT MANAGEMENT
Granahan Investment Management, Inc. (GIM), founded in 1985, is a small cap equity specialist with broad employee ownership and $3.1 billion in assets under management as of Sept. 30, 2022. The firm offers micro cap, small cap, mid cap, and SMID strategies for institutions and high net worth individuals worldwide. For more information, visit www.granahan.com.


Granahan Investment Management Selects Esgaia for Engagement Tracking

Granahan has decided to implement Esgaia’s independent, purpose-built software to support its investment stewardship practices.

Esgaia, a Swedish software company, focuses on helping institutional investors optimize their engagement process by providing a dedicated engagement management platform.

Granahan will use the solution to simplify recording, monitoring, and coordination of engagement activities across the organization, while advancing stakeholder reporting using automated statistics on both entity and product level.

Jane White, CEO of Granahan Investment Management, commented: “The lack of standards surrounding ESG regulation makes process implementation difficult. The Esgaia platform helps us apply the engagement best practices we’ve defined at GIM, while also giving us the flexibility to refine and evolve in this continuously changing regulatory environment. We are thrilled to partner with a provider that is helping investors report on engagement practices more easily.”

Anton Ljung, CEO of Esgaia, said: “Granahan is one of our first US-based clients, which says a lot about their intent and drive towards engagement best practice. Purposeful engagement is about setting expectations and helping entities manage important issues, using accountability and consequence as levers. By providing use case centric functionality and continuous improvements, Esgaia’s software supports investors in this endeavor. We look forward to advancing investor practices together with Granahan.”

Contact information

Anton Ljung CEO, Esgaia AB anton@esgaia.com

Liz Ziegler CMO, Granahan Investment Management lziegler@granahan.com

Esgaia’s software is trusted by leading responsible investors representing over 240 bn USD in AuM. Investors use Esgaia's software to record and coordinate engagement activities, and advance stakeholder reporting using automated statistics for both entity and product-level disclosures. Website: www.esgaia.com
 
 


NEW YORK and WALTHAM, Mass., Nov. 16, 2021- Granahan Investment Management, Inc. (GIM), a small cap equity investment boutique with $5.8 billion in assets under management, and Kudu Investment Management, LLC, a leading provider of permanent capital solutions to asset and wealth managers, today announced that Kudu has acquired a minority interest in GIM. Financial terms were not disclosed. As part of the new partnership, more than 75% of the equity in GIM will continue to be held by its employees, broadly distributed across the firm. In addition, GIM will retain its autonomy over the operations of the firm. (Read More)


Gary Hatton 1956-2021 — Granahan mourns passing of its co-founder (Read our tribute here)


June 2021: Citywire has named Granahan their Boutique of the Month (Read More)


February 2021: GIM Portfolio Manager, David Rose, is highlighted as he discusses the drivers behind the outstanding 2020 performance for the Small Cap Select and SMID Select strategies in the Pension & Investments February 22nd article, Growth Equity Strategies Rocket Ahead.  Accompanying the article is the asset class specific rankings, where for the 5-year period ending 12/31/2020, GIM has four distinct strategies in the top 10 for the Small Cap Growth Equity category


October 2020:  Citywire Selector names Drew Beja and the GIM Small Cap Focused Growth strategy in The Guide to Europe's Top Fund Managers. (Read More)


August 2020: Domestic small-cap growth equity manager Granahan Investment Management’s efforts toward diversifying its client base from a single investor have kept it going strong. Read the article here.


June 2020: Jane White, GIM President & CEO, joins an AssetTV segment on Small Cap stocks.  Jane highlights the opportunities for many well-positioned small cap growth companies even as there is uncertainty surrounding the Covid-19 pandemic, resulting economic fall-out, and accompanying government stimulus. Click here to view the video. 


April 2020:  Citywire Selector profiles AAA-rated portfolio manager, Drew Beja, and the GIM Small Cap Focused Growth strategy.  The Granahan US Focused Growth Fund (UCITS), with its emphasis on sustainable growth companies, is ranked #1 for the 1-,3-, and 5-year time periods ending March 31, 2020 in the Citywire universe of US Small/Medium funds. (Read More)


April 2020:  Granahan Investment Management was pleased to host Jim Furey of Furey Research Partners for a discussion on how U.S. small cap stocks are positioned for the inevitable, albeit unpredictable, economic and market recovery.  Topics covered include:

  • History’s bear market lessons,
  • What equity style, sector, industry & portfolio characteristics will lead out of the recession and stock market bottom,
  • Longer term economic, social & political changes due to the Coronavirus and its recession.
Click here for the replay.  Request the accompanying slide deck here. Small Cap Growth in Market Downturns  


On this segment of Asset TV, David Rose, PM for Granahan's Small/MidCap Select Strategies, discusses his views as a growth equity investor in the small cap market, how volatility can be a friend, and the general outlook for small caps. (Read More)


US SMALL CAPS: BIG CHANGE AND INNOVATION PRODUCE BIG OPPORTUNITIES Granahan’s veteran portfolio managers highlight the US Small Cap growth sectors where innovation and disruption provide investment opportunities. To read the full Citywire Selector article, please follow this link. (Read More)


This segment includes an interview with GIM’s Small Cap Focused Growth portfolio manager, Drew Beja, conducted by HC Asset Management for their Japanese institutional clients. (Read More)


Small Cap Focused Growth Drew Beja, the portfolio manager of GIM's Small Cap Focused Growth strategy, provided some insights into the types of companies that fit his investment criteria in the Citywire Global article Boutique Manager Reveals "Desert Island" Small Cap Bets. (Read More)