Zevenbergen Capital Investments

What Zevenbergen Capital Investments does

Zevenbergen Capital Investments LLC (ZCI) is a privately held, SEC-registered investment adviser founded in 1987 by Nancy Zevenbergen, CFA, and headquartered in Edmonds, Washington. The firm specializes in high-conviction growth equity strategies, running concentrated portfolios of approximately 30-50 positions selected through a proprietary research process that screens thousands of public equities down to roughly 100 research candidates before portfolio construction. Its investment approach emphasizes long-term holding periods, focus on disruptive innovation and founder-led companies, and an all-capitalization mandate across U.S. public equities.

ZCI delivers its strategies through three primary vehicles: the flagship Zevenbergen Growth Fund and the sector-concentrated Zevenbergen Genea Fund (both mutual funds slated for conversion to ETFs in 2026 under Virtus Investment Advisers oversight), plus the Zevenbergen Income Growth strategy offered exclusively as a Separately Managed Account (SMA). The firm also offers SMAs across its growth strategies. Distribution runs through Quasar Distributors (registered broker-dealer), U.S. Bancorp Fund Services for direct purchases, and major brokerage platforms including AXOS, BNY Mellon, Charles Schwab, E*TRADE, Interactive Brokers, and Vanguard.

The firm generates revenue through investment advisory fees on mutual funds, SMAs, and (post-conversion) ETFs, serving individual investors, financial professionals (advisors, broker-dealers, RIAs, IFAs), and institutional clients (corporate/government retirement plans, endowments, foundations, and family offices with at least $50M in assets). It maintains a small team of approximately 25 across investment research, portfolio management, compliance, client service, trading, and business development, and is led by founder Nancy Zevenbergen as President, CIO, and Portfolio Manager, with a minority partnership held by Virtus Investment Advisers, LLC.

Name

Zevenbergen Capital Investments

Legal name

Zevenbergen Capital Investments LLC

Website

https://zci.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Zevenbergen Capital Investments is a privately held, SEC-registered investment adviser founded in 1987 and headquartered in Edmonds, Washington, that manages high-conviction growth equity strategies for individuals, financial professionals, and institutional clients through mutual funds and separately managed accounts.

Ownership category

akta.pro rank

Headquarters

HQ city

Edmonds

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Investment Advisory Fees: The firm generates revenue through investment advisory fees charged for managing high-conviction growth equity portfolios. Services are provided through mutual funds (Zevenbergen Growth Fund, Zevenbergen Genea Fund), separately managed accounts (SMAs), and the Income Growth strategy.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Zevenbergen Capital Investments LLC is an SEC-registered investment adviser that manages high-conviction growth equity strategies for individual investors, financial professionals, and institutional clients. The firm offers the Zevenbergen Growth Fund and Zevenbergen Genea Fund mutual funds, the Zevenbergen Income Growth strategy, and customized Separately Managed Accounts (SMAs), employing a research-driven fundamental analysis approach that builds concentrated 30-50 position portfolios across all market capitalizations.

Product overview

Zevenbergen Capital Investments offers a portfolio of investment products centered on high-conviction growth equity strategies. The core offerings include two mutual funds: the Zevenbergen Growth Fund (flagship strategy investing across industries and capitalizations) and the Zevenbergen Genea Fund (sector-concentrated approach). Additionally, the firm provides the Zevenbergen Income Growth strategy exclusively as a Separately Managed Account for clients seeking balanced growth and income. Separately Managed Accounts (SMAs) are available for all strategies, providing enhanced flexibility and customization. The firm serves individual investors, financial professionals, and institutional clients through these vehicles.

Differentiator

Problem solved

Functional benefit

Brands

• Zevenbergen Growth Fund: Flagship high-conviction growth equity strategy focusing on high-growth companies across different industries and capitalization ranges, emphasizing revenue growth as a key indicator.
• Zevenbergen Genea Fund
• Zevenbergen Income Growth

Products and services

• Zevenbergen Growth Fund The flagship mutual fund strategy focusing on identifying and investing in high-growth companies across different industries and capitalization ranges. Emphasizes high-conviction portfolio management with concentrated positions, long-term holding periods, and revenue growth as a key indicator of business success. Available in Institutional and Investor share classes.
• Zevenbergen Genea Fund A sector-concentrated mutual fund strategy targeting high-growth opportunities within specific industries. Features focused exposure to sectors with robust growth prospects and dynamic allocation to adjust sector weightings based on evolving market conditions. Available in Institutional and Investor share classes.
• Zevenbergen Income Growth An SMA strategy that balances growth and income by investing in companies with solid growth potential and the ability to generate income. Targets companies that provide both capital appreciation and dividend income through diversified holdings. Available only as a Separately Managed Account.
• Separately Managed Accounts (SMAs) Customizable investment accounts allowing institutional clients and high-net-worth individuals to participate in ZCI's all-capitalization growth approach with enhanced flexibility and efficiency tailored to their needs. Available for all ZCI strategies.

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and major.

• Virtus Investment Advisers, LLCcoreStrategic or Co-development PartnerVirtus Investment Advisers, LLC is a minority partner of Zevenbergen Capital. As part of the mutual fund to ETF conversion initiative, advisory oversight will shift to an affiliate of Virtus Investment Advisers, while Zevenbergen continues as sub-adviser responsible for day-to-day portfolio management.
• U.S. Bancorp Fund ServicescoreImplementation/ SI/ Consulting PartnerU.S. Bancorp Fund Services provides fund administration and account servicing for Zevenbergen Funds. The company offers account applications including new accounts, entity applications, IRA applications, and IRA transfer forms for investors.
• Quasar Distributors, LLCcoreChannel Partner/ Reseller/ DistributorQuasar Distributors, LLC is the registered distributor of the Zevenbergen funds, handling the distribution and sale of mutual fund shares to investors through various channels.
• AXOS, BNY Mellon, Charles Schwab, E*TRADE, Interactive Brokers, VanguardmajorChannel Partner/ Reseller/ DistributorMajor brokerage platforms that provide access to Zevenbergen mutual fund shares for individual investors. These platforms enable investors to purchase and hold Zevenbergen Growth Fund and Zevenbergen Genea Fund through their existing brokerage accounts.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Jensen Investment Management: Boutique concentrated quality-growth equity manager offering mutual funds and SMAs to institutional and advisor channels; directly comparable in size and concentrated growth philosophy.
• Baron Capital Group: Founder-led growth equity boutique offering mutual funds, ETFs and SMAs across multiple growth themes; comparable product mix and high-conviction approach to ZCI.
• Calamos Asset Management: Multi-strategy asset manager with a strong growth equity franchise distributed through mutual funds, ETFs and SMAs to institutional and advisor clients; comparable to ZCI on product structure and growth tilt.
• Polen Capital: Boutique growth equity manager running concentrated, high-conviction portfolios across multiple vehicles (mutual funds, SMAs), serving institutional and advisor channels; closely comparable to ZCI's concentrated all-cap growth approach.
• Winslow Capital Management: Specialist large-cap growth equity manager (now part of Nuveen) operating concentrated, research-driven strategies for institutional and intermediary clients; directly comparable in style and client mix to ZCI.
• Brown Capital Management: Boutique growth equity firm running concentrated, fundamental-research-driven strategies for institutional and advisor clients; comparable in size, philosophy, and product structure to Zevenbergen.
• Alger: Long-tenured growth equity specialist offering mutual funds, SMAs and institutional strategies with concentrated, high-conviction portfolios; operates a similar product set and distribution model to ZCI.
• Tocqueville Asset Management: Boutique asset manager offering concentrated mutual funds and SMAs in growth and other equity strategies; comparable boutique scale, product mix, and intermediary distribution to ZCI.

Broad incumbents

• William Blair Investment Management: Diversified asset manager with significant growth equity strategies distributed through institutional, advisor and SMA channels; broader product set but a relevant incumbent competitor for growth equity mandates.

Emerging players

• Eventide Asset Management: Values-driven, growth-tilted asset manager offering mutual funds and SMAs to advisor and institutional channels; overlapping with ZCI on growth equity style and intermediary distribution.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/zevenbergen-capital-investments/about
• Xx.com/ZevenbergenCap

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zevenbergen Capital Investments