Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • September 2021
  • Case
  • HBS Case Collection

Brown Capital Management

By: Luis M. Viceira, Emily R. McComb and Sarah Mehta
  • Format:Print
  • | Language:English
  • | Pages:22
ShareBar

Abstract

Set in July 2021, this case looks at several growth strategies under consideration at Brown Capital, the second-oldest Black-owned asset management firm in the U.S. Since its 1983 founding, Baltimore-based Brown Capital has specialized in small company growth equity—investing in small, publicly traded companies with outsized growth potential. But with its successful, domestic small company fund closed to new investors since 2013, and its international small company fund on a similar trajectory, Brown Capital’s pathway to sustained growth is unclear. Should it (1) reconsider closing its Morningstar 5-star rated international small company fund; (2) focus on its newer mid company fund, which has more capacity for growth and a recent uptick in performance; or (3) introduce new strategies and asset classes?

Keywords

Business Growth and Maturation; Growth and Development Strategy; Diversity; Race; Finance; Equity; Public Equity; Stocks; Financial Management; Financial Strategy; Investment; Investment Portfolio; Employee Stock Ownership Plan; Recruitment; Retention; Selection and Staffing; Employee Ownership; Strategy; Financial Services Industry; United States; Maryland; Baltimore

Citation

Viceira, Luis M., Emily R. McComb, and Sarah Mehta. "Brown Capital Management." Harvard Business School Case 222-002, September 2021.
  • Educators
  • Purchase

About The Authors

Luis M. Viceira

Finance
→More Publications

Emily R. McComb

Finance
→More Publications

More from the Authors

    • August 2023
    • Faculty Research

    Viking Global Investors: Public Heritage, Private Opportunities

    By: Luis M. Viceira, Ryan Gilland, Ashutosh Panchang and Tanner Crouch
    • August 2023
    • Faculty Research

    Partners Capital: Evaluating Fund Performance

    By: Luis M. Viceira and Ryan Gilland
    • April 2023
    • Faculty Research

    Sweet Teez Bakery: Projecting the Dough’s Rise Video Supplement

    By: Emily R. McComb and Ruth Page
More from the Authors
  • Viking Global Investors: Public Heritage, Private Opportunities By: Luis M. Viceira, Ryan Gilland, Ashutosh Panchang and Tanner Crouch
  • Partners Capital: Evaluating Fund Performance By: Luis M. Viceira and Ryan Gilland
  • Sweet Teez Bakery: Projecting the Dough’s Rise Video Supplement By: Emily R. McComb and Ruth Page
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College