Our History

Since 1975, compelling investments have been the driving force behind Southeastern’s initiatives. Long-term clients have joined us as partners and we have added funds when opportunities warranted. Likewise, we have closed in periods when qualifying investments were not available.

1970

1975 - Southeastern Asset Management is formed to take advantage of opportunities created by the 1973-74 stock market crash and bear market.

1980

1987 - Longleaf Partners Fund is the first mutual fund created and seeded by Southeastern to allow all employees to invest alongside clients.

1989 - Southeastern employees seed Longleaf Partners Small-Cap Fund to purchase compelling small businesses opportunities in the U.S. as well as globally.

1990

1995 - Longleaf Partners Fund temporarily closes to new investors as Southeastern sells fully valued businesses and finds the opportunity set available in the market to be limited due to elavated stock prices relative to corporate values.

1996 - Southeastern employees seed Longleaf Partners Realty Fund to take advantage of a growing universe of undervalued, publicly-traded real estate opportunities.

1997 - Longleaf Partners Small-Cap Fund closes to new investors as Southeastern sells fully valued businesses and finds the opportunity set available in the market to be limited due to elevated stock prices relative to corporate values.

1998 - Longleaf Partners Fund re-opens, after three years of being closed, as global market dislocations present new investment opportunities.

1998 - Southeastern opens its Tokyo office to deepen research in significantly discounted Asian companies.

1998 - Southeastern employees seed Longleaf Partners International Fund to take advantage of numerous undervalued businesses located outside of the U.S.

1999 - Longleaf Partners Fund temporarily closes to new investors as Southeastern sells fully valued businesses and finds the opportunity set available in the market to be limited due to elevated stock prices relative to corporate values.

2000

2000 - Southeastern’s Global separately-managed account mandate launches when a client asks to combine U.S. and non-U.S. companies into one portfolio.

2000 - Longleaf Partners Fund re-opens as the technology bubble leaves many qualified non-tech businesses ignored and extremely discounted.

2001 - Southeastern opens its London office to expand network and deepen research in compelling investment opportunities across Europe.

2001 - Southeastern permanently closes Longleaf Partners Realty Fund and returns capital to shareholders because the undervalued, publicly-traded real estate universe shrinks enough to limit long-term opportunities.

2004 - Longleaf Partners Fund & Longleaf Partners International Fund temporarily close to new investors as Southeastern sells fully valued businesses and finds the opportunity set available in the market to be limited due to elevated stock prices relative to corporate values.

2006 - Longleaf Partners International Fund re-opens as qualifying investments outside of the U.S. become available again.

2006 - Southeastern opens its Singapore office to grow it’s network, deepen research and expand trading capabilities in Asia.

2008 - Longleaf Partners Fund re-opens as qualifying companies become discounted with the demise of the U.S. credit and housing bubble.

2010

2010 - Affiliated entities of Southeastern seed Longleaf Partners Global UCITS Fund for non-U.S. investors, following demand from institutions outside of the U.S. for a pooled vehicle managed by Southeastern that invests in global companies.

2012 - Longleaf Partners U.S. UCITS Fund is seeded by affiliated entities of Southeastern following demand from institutions outside the U.S. for a pooled vehicle managed by Southeastern that invests in U.S. companies.

2013 - Longleaf Partners Global Fund is seeded by Southeastern employees and affiliated entities following demand from institutions in the U.S. for a mutual fund managed by Southeastern that invests in both U.S. and non-U.S. companies.