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  • September 2021
  • Case
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Brown Capital Management

By: Luis M. Viceira, Emily R. McComb and Sarah Mehta
  • Format:Print
  • | Language:English
  • | Pages:22
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Abstract

Set in July 2021, this case looks at several growth strategies under consideration at Brown Capital, the second-oldest Black-owned asset management firm in the U.S. Since its 1983 founding, Baltimore-based Brown Capital has specialized in small company growth equity—investing in small, publicly traded companies with outsized growth potential. But with its successful, domestic small company fund closed to new investors since 2013, and its international small company fund on a similar trajectory, Brown Capital’s pathway to sustained growth is unclear. Should it (1) reconsider closing its Morningstar 5-star rated international small company fund; (2) focus on its newer mid company fund, which has more capacity for growth and a recent uptick in performance; or (3) introduce new strategies and asset classes?

Keywords

Business Growth and Maturation; Growth and Development Strategy; Diversity; Race; Finance; Equity; Public Equity; Stocks; Financial Management; Financial Strategy; Investment; Investment Portfolio; Employee Stock Ownership Plan; Recruitment; Retention; Selection and Staffing; Employee Ownership; Strategy; Financial Services Industry; United States; Maryland; Baltimore

Citation

Viceira, Luis M., Emily R. McComb, and Sarah Mehta. "Brown Capital Management." Harvard Business School Case 222-002, September 2021.
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About The Authors

Luis M. Viceira

Finance
→More Publications

Emily R. McComb

Finance
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More from the Authors
  • Valuing Yahoo! in 2013 (Abridged) By: Luis M. Viceira
  • Skills-First Hiring at IBM By: Boris Groysberg and Sarah Mehta
  • Tensions at SearchLight Cures By: Laura Huang and Sarah Mehta
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