Markel Corp. has teamed up with private equity house Rosemont Investment Partners LLC founder Chas Burkhart to launch a new investment firm.
The new company, Rosemont Investment Group LLC, aims to build on the history of Rosemont Investment Partners, Markel said. It will provide capital to asset and wealth management businesses by taking minority stakes supporting management buyouts, recapitalizations, ownership transitions and selected startups.
All future fund activities of Rosemont Investment Partners will remain under their current structure.
