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Bessemer Trust is a private, independent multi-family office that oversees more than $200 billion for over 3,000 families, foundations and endowments. [2] Founded in 1907, the firm has its headquarters in New York City , with 19 regional offices elsewhere in the world.
LGLLC, which is based in New York City, was founded in 2001 by Alan Goldberg, who had previously served as chairman and CEO of Morgan Stanley Private Equity (later Metalmark Capital) and Robert Lindsay, who played a central role in the Bessemer Trust private equity business, serving most recently as Managing General Partner since 1991.
In 1911, Henry Phipps Jr., a co-founder of Carnegie Steel, formed Bessemer Trust in New York to manage his family's assets. [3] [4] In 1911, he spun out Bessemer Securities as a separate entity which had $20 million assets under management which invested in venture capital deals, publicly traded securities and real estate.
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Bessemer Trust, an independent firm that was founded in 1907 and oversees more than $106 billion for over 2,300 families, foundations and endowments. [12] Stonehage Fleming, with $43 billion in assets under administration, including $11 billion in assets under management, and total revenues of about $160 million. Serving over 250 wealthy ...
At Henry Phipps' death, his father, who was at one time the second largest shareholder of Carnegie Steel and was a founder of Bessemer Trust, was worth $3,121,810 (equivalent to $56,939,000 in 2023), according to transfer tax appraisal documents. [9] Phipps graduated from Yale University in 1902. [1]
The big shareholder groups in Ascott Residence Trust (SGX:A68U) have power over the company. Institutions will often hold stock in bigger companies, and we expect to see insiders owning aRead More...