Mary Lisanti founded the firm in 2003 as a joint venture between herself and Adams Harkness & Hill. The firm became women owned in 2005. In September of 2017, a minority interest in the firm was purchased by Dinosaur Group Holdings, LLC, and the firm changed its name to Lisanti Capital Growth. The firm is 52% owned by Ms. Lisanti, its founder, and 48% owned by Dinosaur Group Holdings, LLC. Ms. Lisanti has been researching and investing in growth companies for over 35 years. She started her career as a research analyst following smaller growth stocks, and began managing money in 1990. Prior to founding the firm, Ms. Lisanti had been involved in building three investment management businesses. At ING Investments and its predecessor, Northstar and Pilgrim, she was the chief investment officer of domestic equity. Prior to that she was at Strong Capital Management for several years, where she ran a small and Smid cap growth product; in the early 1990’s, she rebuilt the small and mid cap investment team at Bankers Trust. At all three of these firms, the products she managed saw significant growth in AUM. In 1996 Barron’s named her Fund Manager of the Year1 and in 1989, she earned a #1 ranking on Institutional Investor’s2 All American Research Team for her work on small growth stocks. The firm was founded on three core beliefs:
- Active managers, in inefficient markets, can be successful at producing alpha
- Small teams of people, utilizing a disciplined investment process, could produce above average returns over a market cycle
- If we do what we believe is best for our clients, we will both succeed—our clients are our partners
The investment process Ms. Lisanti and her team employ has stood the test of time; although the process incorporates new tools as the team believes necessary, the process is dynamic and flexible—so much so that the essence of the process has remained unchanged over the past 30 years. In addition to continuity of process, continuity of people is a key attribute—over half of the firm has worked together for much of the past two decades.
1Fund managers were ranked by their respective fund category, by performance, and had to be managing their fund for at least two years. Additionally, volatility was factored in, with less volatile funds scoring higher than more volatile funds.
2Institutional Investor annually surveys the opinion of several thousand individuals at hundreds of financial institutions. Respondents were asked to score each analyst in each category and the score tally was weighted based on the size of the institution voting in addition to the place awarded.
Rankings, awards and/or recognition does not imply any guarantee of a certain level of results, nor does it represent a current or past endorsement of Lisanti Capital Growth by any of its clients. Lisanti has not directly or indirectly received or given any compensation to or from any of the organizations listed.