has taken the wraps off it new Delaware Pooled Trust (DPT) Large-Cap Growth Equity Portfolio
. The new portfolio is a no-load, open-end investment management company that is managed by the Focus Growth team at Delaware Investments, according to the Lincoln National affiliate.
The fund is targeted at small- and mid-sized institutions as well as high-new-worth individuals and carries a $1 million minimum investment.
Kevin J. Lucey
, executive vice president and chief of Sales for Client Services and Marketing said that the fund was launched to meet demand in the institutional market.
"Large-cap growth has been one of the most active asset classes in the institutional marketplace," said Lucey. "This new portfolio is specifically designed to bring the expertise of our Focus Growth team to investors with between $1 and $50 million to invest in a growth strategy."
Among the members of the asset management team are Jeffrey S. Van Harte, Christopher J. Bonavico, Daniel J. Prislin, and Christopher M. Ericksen all of the Focus Growth team. They are following the team's philosophy of bottom-up stock selection with this portfolio, with an emphasis on those companies with attractive end-market potential, dominant business models and strong free cash flow. The portfolio comprises the team's 25 to 40 highest-conviction companies.
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