Brown Capital Management is an investment management firm located in Baltimore, Maryland. Over our more than 30-year history, we have grown our firm and expanded our offerings—but we have always stayed true to our roots.
- We seek out the exceptional in companies, talent and clients.
- We invest for the long term because that is the way to build wealth.
- We strive to do the right thing in every situation.
- We are benchmark-agnostic growth investors who remain mindful of valuations.
Eddie Brown opens Brown Capital Management
Eddie Brown opens Brown Capital Management out of his home office and a post office box. The Large Cap Service is launched with a minimum investment of $100,000.
- On his first day in business, Eddie is entrusted with $200,000 from Geraldine Whittington, former secretary to President Lyndon Johnson.
- Jane Calhoun Bond, a referral from T. Rowe Price becomes BCM’s second client.
- Charles Sparks Thurston becomes the third.
With only one month of business ownership under his belt, Eddie moves his office to 500 North Charles Street and hires its first employee, Millie Eckhard, as account administrator. Brown Captital Management quickly reaches $4.3 million under management.
Keith Lee joins Brown Capital Management to launch the Small Company Service
Keith Lee joins Brown Capital Management and launches the Small Company Service. The Small Company Service seeks to invest in exceptional small growth companies — early in their corporate life cycle that have the wherewithal to become exceptional large companies.
BCM launches Mid Capitalization Service and a family of mutual funds
BCM launches Mid Capitalization Service and a family of mutual funds that enable investors to access our expertise with lower minimums.
1983 - 1993 Brown Capital's 10th Anniversary
Brown Capital Management celebrates its tenth year in business.
Brown Capital launches the International Equity Fund and International Service.
Brown Capital launches the International Equity Fund and International Service.
Note: Brown Capital believed that employing GARP overseas was still a relatively unknown concept. The firm built a mutual fund performance track record prior to introducing the separate account service.
The Mid-Cap Mutual Fund is launched
The Mid-Cap Mutual Fund is launched, bringing our mid cap expertise to individual investors.
The Board of Directors names Donna Courtney as Chief Compliance Officer.
In 2003, the Board of Directors names Donna Courtney, who serves in many critical positions at the company, as Chief Compliance Officer. Brown Capital Management also enjoys 20 years in business this year.
The Concentrated Domestic All-Capitalization Service is launched and the Management Committee is established.
The Concentrated Domestic All-Capitalization Service is launched in response to an increase in demand for outsized returns.
And, importantly, the Management Committee is established as the decision-making body of the firm, setting strategic direction and overseeing the general management of the firm. Committee Members include:
- Eddie C. Brown, Ex-Officio,
- Cecil E. Flamer, Member
- Keith A. Lee, Chairman of Committee
- Walton D. Pearson, Member
- Robert L. Young III, Member
Keith Lee is named President and Chief Operating Officer
Keith Lee is named President and Chief Operating Officer of Brown Capital Management. Eddie Brown becomes Chairman, CEO and, of course, Founder of the firm.
The first employee to retire from Brown Capital.
Joyce Braun becomes the first employee to retire from Brown Capital.
"My retirement dinner was a bittersweet experience. But the send-off they gave me reinforced how much I was appreciated as an employee. I truly feel blessed to have spent the final years of my working career with such a great group of people. I only wish I could have started working at Brown Capital sooner". Joyce Braun, Former Portfolio Administrator
1983 - 2013 Brown Capital Management celebrates its 30th anniversary
Brown Capital Management celebrates its 30th anniversary. As part of the celebration, Eddie C. Brown and Brown Capital Management receive the State of Maryland Governor’s Citation. Brown Capital Management’s “Working Wisdom”—a book showcasing the firm’s employees—is published.
The International Small Company Service is launched.
Brown Capital launches the International Small Company Service.
The International Small Company Fund is launched.
Brown Capital launches the International Small Company Fund.
The company offers a range of investment choices to help institutions and individuals meet their long-term objectives
The company offers a range of investment choices to help institutions and individuals meet their long-term objectives:
- Mid Capitalization
- Small Company
- Concentrated Domestic All-Cap Service
- International All-Capitalization
- International Small Company
International Equity Fund Investor Class receives Morningstar Overall Rating of 5 Stars
Brown Capital Management is pleased to announce that the International Equity Fund Investor Class managed by the International Team has achieved the coveted Morningstar Overall Rating of 5 stars in a category of 694 Foreign Large Blend Funds based on risk adjusted returns as of 12/31/20151.
Small Company Team Named for Morningstar's U.S. Domestic-Stock Fund Manager of the Year 2015
Brown Capital Management is pleased to announce that portfolio managers Keith Lee, Robert Hall, Kempton Ingersol, Damien Davis and Andrew Fones, the firm's Small Company Team, have been named for Morningstar, Inc.'s U.S. Domestic-Stock Fund Manager of the Year 2015. Morningstar made their announcement in a live broadcast of CNBC's Power Lunch on Tuesday, January 26, 2016.
Small Company Fund, Investor Class Receives Lipper Fund Award 2016
Small Company Fund, Investor Class receives 2016 Thomson Reuters Lipper Fund Award
Brown Capital Management is proud to announce that the Small Company Fund, Investor Class received the 2016 Thomson Reuters Lipper Fund Award1 for United States Small-Cap Growth Funds in the 10-year performance period, ranking 121 out of 303 funds ending 11/30/2015.
Launched in 1992, the Small Company Fund, Investor Class (BCSIX) is managed by Keith Lee, Robert Hall, Kempton Ingersol, Damien Davis and Andrew Fones. The team employs a unique and patient strategy, buying companies that earn $250 million or less in revenue (at the time of initial investment) and that save lives, time, money or headaches. The portfolio is comprised of organizations that have the potential to grow revenues and earnings significantly over a three-to-five-year evaluation time horizon and beyond. In 2015, the top 10 contributors to performance were names that have been in the portfolio for an average of nine years.
“We are honored to receive this important recognition – it is especially meaningful as the Small Company Service approaches its 25th anniversary later this year,” says Eddie Brown, Chairman, Chief Executive Officer, and Founder.
About Brown Capital Management
Brown Capital Management (BCM) is an independent investment management firm located in Baltimore, Maryland. BCM is focused on a growth approach, has deep investment experience in domestic and international markets, and is committed to meeting the investment needs of genuine long-term investors.
About Thomson Reuters Lipper Fund Awards
For more than three decades, the Lipper Fund Awards program honors funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. The Lipper Fund Awards take place in more than 20 countries in Asia, Europe, Middle East and North Africa region (MENA) and the Americas. The award winners are formally announced between January and April. Ceremonies take place in select countries.
1Lipper designates award-winning funds in most individual classifications for the three-, five- and 10-year periods. The Small Company Fund, Investor Class (BCSIX) ranked 121 out of 303 funds in the 2016 United States Ten-year Small-Cap Growth category.
Lipper, a Thomson Reuters company, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries, and media organizations. Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time. For a detailed explanation of the process, please review the Lipper Fund Awards methodology document at http://excellence.thomsonreuters.com
Lipper Fund Awards are granted annually to the funds in each Lipper classification that achieve the highest score using the Lipper Leader for Consistent Return methodology, a measure of a fund’s historical risk-adjusted returns excluding sales charges, relative to peers. Ratings for Consistent Return are computed for all Lipper classifications with five or more distinct portfolios. The ratings are subject to change every month and are calculated for the following periods: 3-year, 5-year, 10-year, and overall. The highest 20% of funds in each classification are named Lipper Leaders for Consistent Return. The highest Lipper Leader for Consistent Return within each eligible classification determines the fund classification winner over 3, 5, or 10 years. Lipper, a wholly owned subsidiary of Thomson Reuters, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries, and media organizations. © 2016 Lipper, a subsidiary of Thomson Reuters.
Lipper rankings reflect a fund’s historical total return performance, excluding sales charges as applicable, relative to peers as of the above date. The ratings are subject to change every month and are based on equal-rated average of percentile ranks for the total return metrics over the 1-, 3-, 5-, and 10-year periods, if applicable. Lipper does not guarantee the accuracy of this information. Past performance is not a guarantee of future results. Fee waivers were in place for all or some of the periods.
Standardized performance for the Small Company Fund can be found here.
Top ten holdings for the Small Company Fund can be found here.
Principal Risk of Investing in the Fund: As with all mutual funds, an investment in the Fund is subject to investment risks, including the possible loss of the principal amount invested. There can be no assurances that the Fund will be successful in meeting its objectives. Investment in the Fund is also subject to market risk, investment style risk, investment advisor risk, market sector risk, equity securities risk, portfolio turnover risk, small companies’ risk, and other risk as set forth in the Fund’s Prospectus. Fund’s that emphasize investment in smaller companies generally experience greater price volatility.
Past performance is not indicative of future results.
An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at www.browncapital.com or by calling Shareholder Services at 1-877-892-4226. The prospectus should be read carefully before investing.
ALPS Distributors, Inc. is the distributor of the Brown Capital Management Mutual Funds, 1290 Broadway, Suite 1100, Denver, CO 80203
Brown Capital Management strives to provide clients with above average investment returns and high quality client service. Our only focus is to provide equity investment management services. We work in a disciplined manner that attracts and retains experienced, self-motivated professionals who are dedicated to achieving the individual investment needs and objectives of our clients. Ultimately, we want to be the right choice for smart investors.