Lebenthal Asset Management Acquires Interest in Woman-Owned AH Lisanti Capital Growth--Company to Be Renamed Lebenthal Lisanti Capital Growth

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Acquisition Continues Growth of Firm's Assets Under Management

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“Mary Lisanti is a trailblazing woman in the world of asset management, and I couldn’t be more proud to have her join our team. I am a passionate supporter of woman-owned businesses, and am thrilled we were able to make this transaction happen.”

Lebenthal Asset Management [LAM], the asset management division of Lebenthal Holdings, LLC, announced today that it has acquired a minority stake in AH Lisanti Capital Growth, LLC, a New York-based woman-owned SEC-registered investment advisor. Concurrently, Alexandra Lebenthal, CEO of Lebenthal Holdings, has also acquired a minority interest in AH Lisanti Capital Growth, LLC, which will operate as Lebenthal Lisanti Capital Growth, LLC (LLCG) following completion of the transaction and continue to be a woman-owned firm.

Founder Mary Lisanti, a 35-year veteran of the investment management industry, will remain President of LLCG, and she and Ms. Lebenthal will be Managing Members of LLCG. Ms. Lisanti remains the firm’s largest shareholder. Berkshire Capital assisted in the transaction, the terms of which were not disclosed.

“I am pleased to welcome Mary Lisanti and her team to Lebenthal,” said James B. Lebenthal, CEO of Lebenthal Asset Management. “Her specific market expertise will be a welcome addition to the range of strategies that LAM can offer to our investors and wealth management clients. Her formidable track record and client-centric focus will truly extend and complement the Lebenthal tradition.”

“Mary Lisanti is a trailblazing woman in the world of asset management, and I couldn’t be more proud to have her join our team,” said Alexandra Lebenthal, CEO of Lebenthal Holdings. “I am a passionate supporter of woman-owned businesses, and am thrilled we were able to make this transaction happen.”

“We are very pleased with our new relationship with Lebenthal Asset Management,” said Mary Lisanti. “We appreciate the Lebenthal heritage of strong female leadership, starting with Sayra Lebenthal who co-founded the company in 1925, and we look forward to sharing our investment- and client-centered cultures and building on each other’s strengths.”

Lebenthal Lisanti Capital Growth LLC, which as of December 31, 2014 oversaw $290 million in client assets, specializes in smaller capitalization, high-growth equity investment strategies and a recently launched small/mid cap growth strategy. LLCG offers asset management for large corporations, endowments and foundations, and public funds through separately managed accounts, and to individual investors through its mutual fund, which will be renamed Lebenthal Lisanti Small Cap Growth (ASCGX).

Ms. Lisanti founded AH Lisanti Capital Growth in 2003, as a joint venture with Adams Harkness & Hill. Previously, she was CIO of ING Investments. In that capacity, she was responsible for building the active equity investment management team. Before that, at Bankers Trust, she headed the small/mid cap investment team, started several mutual funds and helped launch international products as well. In 1996, she was named Fund Manager of the Year by Barron’s magazine. She began her career as a small cap analyst and strategist, achieving the #1 ranking in Institutional Investor’s All-Star Research Team in 1989.

About Lebenthal Asset Management
Lebenthal Asset Management is the asset management division of Lebenthal Holdings, LLC, the venerable New York-based firm that provides through its subsidiaries and affiliated companies a broad range of wealth management, asset management and capital markets products and services to institutional and retail clients. Lebenthal Asset Management manages taxable and tax-free municipal bond portfolios, equity portfolios and international equity portfolios for high net worth individuals, institutions and non-profit organizations. The Heckman Global Group division of Lebenthal Asset Management is the research unit of Lebenthal Asset Management. Further information about Lebenthal Asset Management can be found at http://www.lebenthal.com
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Claudio Pannunzio
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