Rosemont Takes Minority Stake in $4B Multifamily Office

Rosemont, a private investor in employee-owned asset and wealth management firms, has made a minority investment in Landmark Management LLC, a New York-based multi-family office with more than $4 billion in assets under management.

Terms of the transaction were not disclosed.

Founded in 1997, Landmark provides investment, accounting and tax preparation services for ultra-high net worth families. The recapitalization is designed to support the company’s internal succession plan and ownership transition.

“We have been very thoughtful and deliberate with our succession planning and ensuring the best outcome for our clients, and having Rosemont as an aligned minority investor and adviser puts the firm on excellent footing to evolve with our client families,” said Earl “Trip” Samson III, founder and co-managing partner of Landmark.

This is the third permanent capital investment by Rosemont, following 26 private equity investments over the past 21 years.

Berkshire Global Advisors served as financial advisor to Landmark Management LLC. Cozen O’Connor served as legal representative to Rosemont and DLA Piper served as legal representative to Landmark.