Media Coverage
June 2021: Citywire has named Granahan their Boutique of the Month (Read More)
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.
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
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
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)
Portfolio Manager Interview Interview with GIM’s Small Cap Focused Growth portfolio manager conducted by HC Asset Management for their Japanese institutional clients. (Read More)
April 2018: PM David Rose - Opportunities in the U.S Small Cap Market Veteran investor, David Rose, 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 in a rising rate, potentially inflationary environment. (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)