Kayne Anderson Rudnick Investment Management, Llc

Kayne Anderson Rudnick provides discretionary advisory and sub‑advisory investment management to a broad mix of clients, including institutions, charitable organizations, corporations, family offices, registered investment advisers, pension plans and individual clients. The firm is 100% owned by Virtus Investment Partners and, as of December 31, 2024, reported approximately $67.9 billion in total assets under management, of which about $45.5 billion are regulatory AUM and $22.4 billion are model/emulation assets under contract.

KAR’s investment process emphasizes fundamental, quality‑oriented equity research — seeking businesses with durable competitive advantages and attractive long‑term returns — and it implements those views across a range of strategies (large‑, mid‑ and small‑cap, income, long/short, sector and thematic strategies, and fixed income). The firm uses consistent model portfolios across account types, acts as a sub‑advisor and model provider to other advisers and pooled vehicles (including UCITS and Virtus‑branded funds), and has operational protocols such as a documented “Liquidity Overlay Model” to manage limited‑liquidity holdings on UMA and model platforms.

Compared with many peers, KAR’s client mix and business arrangement are notable: the Brochure discloses that KAR serves sovereign wealth funds and banking clients and routinely provides services to other investment advisers — relationships that are statistically less common for firms of this size. The firm also combines an institutional‑scale sub‑advisory and fund platform with its Wealth Advisory division (KARWA), and offers specialist solutions such as concentrated‑position hedging, exchange‑fund services and pre‑IPO/private placement investments.