Pzena Investment Management, Inc.

Overview

Pzena Investment Management, Inc. is a private investment firm specializing in deep value investing strategies. Founded in 1996 by Richard Pzena, the firm manages assets for institutional investors, high-net-worth individuals, and mutual funds. Headquartered in New York City, Pzena also has offices in London, Melbourne, and Dublin. The firm focuses on long-term value investing, employing a concentrated portfolio strategy that has led to significant growth and a reputation for business integrity and research excellence. As of March 2024, Pzena manages approximately $58.87 billion in assets under management. In 2022, the firm transitioned from a publicly traded company to a privately held entity, enhancing its ability to deliver investment excellence on behalf of its clients. In 2023, Richard Pzena stepped down from managing the firm and was succeeded by Caroline Cai. The firm's investment strategies include large-cap, emerging markets, European, global, and mid-cap equities, with a focus on growth, late-stage, pre-IPO, and buyout investments. Pzena's geographical focus spans the United States, United Kingdom, Australia, and Ireland, and its industries of interest include financial services, investment management, asset management, private equity, venture capital, hedge funds, real estate, infrastructure, commodities, crypto, distressed and special situations, ESG and impact investing, fixed income (debt and bonds), collectibles & art, and private investment firm. The firm's minimum investment size is $1 million, with a maximum of $1 billion. Pzena's portfolio companies include a diverse range of firms across various industries, reflecting its broad investment approach and commitment to value investing principles.