MutualFundWire.com: A $4B-AUM Firm Buys a Four-Year-Old Boutique
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Thursday, January 06, 2022

A $4B-AUM Firm Buys a Four-Year-Old Boutique


A Colorado fund firm with more than $4 billion in assets (as of December 31) recently acquired a small cap investing boutique in the acquirer's old hometown. The deal also brings a new C-Suiter to the buyer.

Stephen Craig "Steve" Rogers
Shelton Capital Management
CEO
On Tuesday, Steve Rogers, CEO of Shelton Capital Management, confirmed that Denver-based Shelton bought San Francisco-based Vitruvian Capital Management on Monday, January 3. Vitruvian was previously owned by managing partner Derek Izuel, according to the firm's most recent form ADV.

As part of the deal, Izuel also took over as chief investment officer of Shelton. Also, Izuel and Justin Sheetz, partner and analyst at Vitruvian, will co-PM two Shelton funds: the Shelton Emerging Markets Fund and the Shelton International Select Equity Fund. (Vitruvian specialized in investing in both domestic and international small caps.)

Rogers lauds Vitruvian, which launched in 2018, as "a powerful and complementary addition" to Shelton.

"We are very pleased to have the entire investment team join us and continue to successfully manage their unique and highly regard strategies," Rogers states. "This acquisition is part of the Firm's long-term strategy of building scale organically and through acquisitons. Adding the Vitruvian investment team and products to our existing equity platform is a great strategic fit."


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