Company News

Castanea Partners Announces its Investment in Lee Munder Capital Group

Newton, Massachusetts, April 25 2002 - Castanea Partners today announced that it has completed its minority investment of $11.5 million in Lee Munder Capital Group.

Lee Munder Capital Group ("LMCG") is an investment management firm dedicated to meeting the investment needs of institutional and private clients. The firm currently offers investment products in small cap, mid cap, and large cap growth, small cap absolute return, technology, health care and venture capital. Founded in August 2000, LMCG currently has $1.5 billion in assets under management.

Lee Munder, founder and Chief Executive Officer of Lee Munder Capital Group said "We are excited about Castanea's investment and the insight and support they bring to our team. The investment provides capital to attract additional teams of investment professionals to the firm to support our plans for continued growth."

Brian Knez, Managing Director of Castanea, commented, "This is a great opportunity to back a proven executive in Lee Munder, who has previously established and built a $60 billion enterprise. Lee has assembled a tremendous team of executives and investment professionals. We believe LMCG is an exciting organization that is positioned to continue to attract top investment management resources to provide for the evolving needs for its growing client base."

Robert Smith, Managing Director of Castanea, added, "We believe that LMCG has a unique growth strategy that leverages the firm's top-notch investment expertise, research and management capabilities over the entire investment product line. Our investment in the company is an endorsement of this strategy."

Castanea Partners, Inc. is a private equity investment firm located in the Greater Boston area. The firm was founded 2001 to pursue small to middle market investment opportunities. Castanea was founded and capitalized by Robert Smith and Brian Knez, former Co-CEO's of diversified publishing leader Harcourt General, Inc. and high end retailer The Neiman Marcus Group. They established Castanea following the successful sale of Harcourt General in 2001. Castanea Partners has combined a core team of top Harcourt General executives with experienced private equity professionals.

For Potential
Portfolio Companies

  • See what some of our portfolio company business owners have to say about Castanea Partners

    Read more

Press Releases

  • Castanea Partners announces investment in Brew Dr. Kombucha

    FEBRUARY 2018 - Castanea Partners announced today that it has made a minority investment in The Townshend Group, the parent company of Brew Dr. Kombucha.

    Read More

Media Coverage

  • Janet Gurwitch's Interview on MouthMedia Network Beauty Is Your Business Podcast

    MAR 2018 - Download the podcast now on Beauty is Your Business or iTunes.

    Read More

Other News

  • Q&A with Partner at Castanea Partners, Tim Burke

    NOV 2017

    Read more

  • Janet Gurwitch speaks at 2014 Texas ACG Capital Connection

    Play Video

Castanea Partners Three Newton Executive Park, Suite 304, Newton, MA 02462
P (617) 630-2400 | info@castaneapartners.com