Westwood Acquires Salient Partners’ Asset Management Business
11/18/22, 10:01 PM
Westwood Holdings Group, Inc. (NYSE: WHG, “Westwood”), a Dallas-based investment management boutique and wealth management firm, has acquired the asset management business of Salient Partners, L.P. (“Salient”), a Houston-based asset management firm. As a result, Westwood has also acquired a significant minority stake, previously owned by Salient, in Broadmark Asset Management LLC (“Broadmark”). Broadmark is a San Francisco-based asset manager offering hedged equity strategies and serves as sub-adviser to a pair of seasoned mutual funds and separately managed accounts now offered by Westwood.
Company Info
Company info
Westwood’s vision is to build partnerships that provide accountability, thought leadership, and proven models to help elevate people and operations. With some of the largest IT service brands in Western North America, the Westwood group has the network and leadership to help growing companies flourish. Learn more about Westwood’s partnership opportunities and approach at www.westwoodtechgroup.com.