Southeastern History
Compelling investments have been the driving force behind Southeastern’s initiatives. Long-term clients have joined us as partners and added funds when opportunities warranted. Likewise, we have closed in periods when qualifying investments were not available.
| Year | Initiative |
|---|---|
| 1975 | Southeastern is started to take advantage of opportunities created by the bear market. |
| 1987 | Longleaf Partners Fund opens to allow employees to invest in a conflict free manner in the same companies owned by clients. |
| 1989 | Employees seed Longleaf Partners Small-Cap Fund to purchase compelling businesses too small to hold in existing portfolios. |
| 1995 | Partners Fund closes to new investors as we sell fully valued businesses and cannot find many qualifying new investments. |
| 1996 | Employees seed Longleaf Partners Realty Fund to take advantage of the growing universe of undervalued publicly traded real estate. |
| 1997 | Small-Cap Fund closes to new investors as we sell fully valued businesses and cannot find many qualifying new investments. The Fund's size dictates remaining closed. |
| 1998 | Partners Fund re-opens as global market dislocations present new opportunities. |
| 1998 | Employees seed Longleaf Partners International Fund to take advantage of numerous undervalued businesses outside of the US. |
| 1998 | Tokyo office opens to expand our ability to take advantage of significantly discounted Asian companies. |
| 1999 | Partners Fund closes to new investors as we sell fully valued businesses and cannot find many qualifying new investments. |
| 2000 | Global mandate launches when a client asks to combine US and non-US companies in one portfolio. |
| 2000 | Partners Fund re-opens as the technology bubble attracts so much capital that many great non-tech businesses are left ignored and extremely discounted. |
| 2001 | London office opens to expand our ability to take advantage of compelling opportunities across Europe. |
| 2001 | Shutter $500 million Realty Fund and return capital to shareholders because the undervalued publicly traded real estate universe shrinks enough to limit long-term opportunities. |
| 2004 | Partners Fund closes to new investors as we sell fully valued businesses and cannot find many qualifying new investments. |
| 2004 | International Fund closes to new investors as we sell fully valued businesses and cannot find many qualifying new investments. |
| 2006 | International Fund re-opens as investments outside of the US become attractive. |
| 2006 | Singapore office opens to strengthen research and trading capabilities in Asia. |
| 2008 | Partners Fund re-opens as qualifying companies become discounted with the demise of the US credit and housing bubble. |
| 2010 | Affiliated entities of Southeastern seed Longleaf Partners Global UCITS Fund following demand from institutions outside of the US for a pooled vehicle to invest with Southeastern. |
| 2012 | The Longleaf Partners US UCITS Fund launches following demand from institutions outside the US for a pooled vehicle to invest with Southeastern. |
| 2012 | The Longleaf Partners Global Fund was launches. |
| 2013 | Tokyo office merges into Singapore office. |