Brown Advisory, a global investment management firm, has made an investment in RockCreek, a specialist in multi-asset and outsourced chief investment officer services. Financial terms were not disclosed. The partnership aims to enhance OCIO and advisory capabilities for institutional clients including endowments, foundations and pension funds. RockCreek's team and investment processes will remain unchanged, with CEO Afsaneh Beschloss continuing in her role and joining Brown Advisory as vice chair. Brown Advisory co-CEOs Logie Fitzwilliams and Mike Hankin highlighted RockCreek's sophisticated technology platform and client relationships. Beschloss said the combined firms will leverage their shared scale and global resources to deliver greater value for clients whilst navigating complex markets.

Brown Advisory launches Global Value Select UCITS fund. Veteran Nick Kirrage will lead on the new strategy, building on the launch of the firm's Global Value Select Strategy earlier this year Nick Kirrage 31 March 2026 Boutique asset manager Brown Advisory has today announced the launch of its Global Value Select UCITS fund, available for investors in the UK, Europe, the Middle East and APAC. The new portfolio will be led by former Schroders veteran Nick Kirrage and associate portfolio manager Michael Heap, with the support of two dedicated analysts. Kirrage and Heap will focus on investment opportunities where market psychology is driving companies to trade below intrinsic value, through deep fundamental analysis and bottom-up research. Kirrage said: "Dislocations in global markets mean there are many companies trading below their intrinsic value, which is why Portfolio Adviser believe the opportunity set for value investors today is so compelling. "The timing - starting afresh today to bring a modern, data-led, true-to-label value investing approach to the market - could not be better." Charlie Van Straubenzee, global head of institutional business development at Brown Advisory, said: "This launch reflects what we are hearing consistently from our clients - a desire for a modern, disciplined approach to value investing that can uncover opportunities across global markets while staying true to long-term fundamentals." This follows the launch of Kirrage's first wave of funds at Brown Advisory at the end of February for US investors: The Brown Advisory Global Value Select and Brown Advisory International Value Select funds. These have accumulated more than $60m in assets since launch, according to the firm. MORE ARTICLES ON

Imperative Care, a medical technology company treating thromboembolic disease, has closed an oversubscribed $100 million convertible note financing. The round was co-led by new investors Elevage Medical Technologies and Perceptive Advisors, alongside existing investor Catalio Capital Management. New investors Longaeva Partners and Brown Advisory participated, with support from existing backers including Ally Bridge Group and Bain Capital Life Sciences. Evan Melrose, CEO of Elevage Medical Technologies, has joined Imperative Care's board of directors. The funding will support commercialisation of the company's stroke and vascular thrombectomy portfolios, next-generation product development including the Telos robotic platform, and clinical evidence generation. Imperative Care's products have been used in over 78,000 procedures commercially. BofA Securities and J.P. Morgan served as joint placement agents.