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Glassbridge Enterprises

Full company profile

uuid003c2z5

Namestring
Glassbridge Enterprises
Legal namestring
GlassBridge Enterprises, Inc.
Websiteurl
glassbridge.com
Company typeenum
Public
Founded yearint
1996
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersOakdale, United States
HQ citystring
Oakdale
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
asset management services, investment management, portfolio management, private equity investments, fund management
NAICS code4 codes
  • Funds, Trusts, and Other Financial Vehicles525
  • Management of Companies and Enterprises55111
  • Other Financial Vehicles52599
  • Open-End Investment Funds525910
SIC code1 code
  • Miscellaneous Business Credit Institution6159
Product category
Asset Management
Cost components4 values
Personnel, Operations, Infrastructure, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

GlassBridge Enterprises, Inc. is a publicly traded holding company that owns and operates a single asset management business. The company deploys and manages capital through an investment team, with the firm led by CEO Daniel A. Strauss and governed by a board of directors. No branded funds, products, or service offerings are enumerated on the company's website or in disclosed materials.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

GlassBridge Enterprises, Inc. is a holding company that owns and operates an asset management business. The company provides investment management services and maintains portfolio oversight through its investment team. The organization is led by CEO Daniel A. Strauss and operates under the direction of a board of directors including Chairman Alex Spiro. Based on the available source material, no distinct branded products, modules, or named service offerings are explicitly enumerated — the company presents itself primarily as a corporate entity engaged in asset management rather than as a product or platform provider.

Product and service1 record
1Asset Management Business
CategoryAsset Management / Investment Management
Description

Asset management services operated through an internal investment team that deploys and manages capital on behalf of investors, including exposure to private equity, special situations, and specialty finance opportunities such as private student loan portfolios. Led by CEO Daniel A. Strauss and overseen by a board including Tacora Capital executives, the business generates revenue through investment activities and related management arrangements.

Partnership1 partner
1Southwood Financial
Strategic tierMinorTypeOthers
Description

A private student loan purchaser in which Tacora is the lead investor. Daniel A. Strauss, Glassbridge's CEO, currently serves as a director of Southwood Financial.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers9 records
1Cohen & Steers
TypeDirect peer
Description

Small-cap publicly traded asset manager (NYSE: CNS) specializing in real assets and alternative income strategies. Highly comparable in size, public-company structure, and specialty-focused investment mandate to Glassbridge's alternative-asset pivot.

2Blackstone
TypeBroad incumbent
Description

Largest publicly traded alternative asset manager (NYSE: BX) with private credit, private equity, and hedge fund strategies. Provides scale context for the alternative-investment opportunity Glassbridge is pursuing through Tacora.

3Victory Capital Holdings
TypeDirect peer
Description

Diversified asset management holding company (Nasdaq: VCTR) operating multiple affiliate investment franchises. Comparable as a public holding-company wrapper over an asset-management business with a multi-affiliate model.

4WisdomTree Investments
TypeDirect peer
Description

Public asset manager (NYSE: WT) operating ETF and model-portfolio strategies globally. Comparable as a mid/small-cap publicly traded asset manager with public-company governance and investor-facing disclosures.

5Tacora Capital Management
TypeOthers
Description

Alternative asset manager focused on private credit and specialty finance, with deep board overlap at Glassbridge (CEO is a Tacora director). Directly relevant as the strategic partner shaping Glassbridge's deal pipeline and operating strategy.

6Silvercrest Asset Management Group
TypeDirect peer
Description

Small-cap independent asset manager (Nasdaq: SAMG) providing traditional and alternative investment strategies to high-net-worth and institutional clients. Comparable in scale, public-company status, and diversified investment offerings.

7Roper Technologies
TypeBroad incumbent
Description

Large diversified technology holding company (NYSE: ROP) that acquires and operates niche software and asset-light businesses. Comparable as a public holding-company model that aggregates and operates differentiated franchises.

8Manning & Napier
TypeDirect peer
Description

Small-cap asset manager (NYSE: MN) with multi-asset and alternative strategies serving both institutional and retail channels. Comparable in scale and public-company structure as a small specialty asset manager.

9Westwood Holdings Group
TypeDirect peer
Description

Small-cap publicly traded asset manager (NYSE: WHG) offering equity, fixed-income, and alternative strategies. Closely comparable in size, public-listing structure, and institutional/wealth management focus.

Market position
Strengths3 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles7 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A9 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Glassbridge Enterprises

Asset Managementglassbridge.com

Glassbridge Enterprises firmographics

Firmographics
Name
Glassbridge Enterprises
Legal name
GlassBridge Enterprises, Inc.
Website
https://glassbridge.com
Company type
Public
Founded year
1996
Operating status
Operating
Headcount range
1,001–5,000 employees
Ownership category
akta.pro rank

Where Glassbridge Enterprises is headquartered

Location

Headquarters

HQ city
Oakdale
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Glassbridge Enterprises business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Others

Glassbridge Enterprises product offering

Product offering

Core offering

GlassBridge Enterprises, Inc. is a publicly traded holding company that owns and operates a single asset management business. The company deploys and manages capital through an investment team, with the firm led by CEO Daniel A. Strauss and governed by a board of directors. No branded funds, products, or service offerings are enumerated on the company's website or in disclosed materials.

Product overview

GlassBridge Enterprises, Inc. is a holding company that owns and operates an asset management business. The company provides investment management services and maintains portfolio oversight through its investment team. The organization is led by CEO Daniel A. Strauss and operates under the direction of a board of directors including Chairman Alex Spiro. Based on the available source material, no distinct branded products, modules, or named service offerings are explicitly enumerated — the company presents itself primarily as a corporate entity engaged in asset management rather than as a product or platform provider.

Differentiator

Problem solved

Functional benefit

Products and services

  • Asset Management Business Asset management services operated through an internal investment team that deploys and manages capital on behalf of investors, including exposure to private equity, special situations, and specialty finance opportunities such as private student loan portfolios. Led by CEO Daniel A. Strauss and overseen by a board including Tacora Capital executives, the business generates revenue through investment activities and related management arrangements.

Companies that use Glassbridge Enterprises

Customer profile

Ideal customer profiles1 record

Glassbridge Enterprises technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Glassbridge Enterprises partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Southwood FinancialminorOthersA private student loan purchaser in which Tacora is the lead investor. Daniel A. Strauss, Glassbridge's CEO, currently serves as a director of Southwood Financial.

Recent moves5 records

Expansion highlights3 records

Glassbridge Enterprises competitors and assessment

Company assessment

Direct peers

  • Cohen & Steers: Small-cap publicly traded asset manager (NYSE: CNS) specializing in real assets and alternative income strategies. Highly comparable in size, public-company structure, and specialty-focused investment mandate to Glassbridge's alternative-asset pivot.
  • Victory Capital Holdings: Diversified asset management holding company (Nasdaq: VCTR) operating multiple affiliate investment franchises. Comparable as a public holding-company wrapper over an asset-management business with a multi-affiliate model.
  • WisdomTree Investments: Public asset manager (NYSE: WT) operating ETF and model-portfolio strategies globally. Comparable as a mid/small-cap publicly traded asset manager with public-company governance and investor-facing disclosures.
  • Silvercrest Asset Management Group: Small-cap independent asset manager (Nasdaq: SAMG) providing traditional and alternative investment strategies to high-net-worth and institutional clients. Comparable in scale, public-company status, and diversified investment offerings.
  • Manning & Napier: Small-cap asset manager (NYSE: MN) with multi-asset and alternative strategies serving both institutional and retail channels. Comparable in scale and public-company structure as a small specialty asset manager.
  • Westwood Holdings Group: Small-cap publicly traded asset manager (NYSE: WHG) offering equity, fixed-income, and alternative strategies. Closely comparable in size, public-listing structure, and institutional/wealth management focus.

Broad incumbents

  • Blackstone: Largest publicly traded alternative asset manager (NYSE: BX) with private credit, private equity, and hedge fund strategies. Provides scale context for the alternative-investment opportunity Glassbridge is pursuing through Tacora.
  • Roper Technologies: Large diversified technology holding company (NYSE: ROP) that acquires and operates niche software and asset-light businesses. Comparable as a public holding-company model that aggregates and operates differentiated franchises.

Others

  • Tacora Capital Management: Alternative asset manager focused on private credit and specialty finance, with deep board overlap at Glassbridge (CEO is a Tacora director). Directly relevant as the strategic partner shaping Glassbridge's deal pipeline and operating strategy.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Glassbridge Enterprises social profiles

Digital presence

Glassbridge Enterprises financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Glassbridge Enterprises leadership team

Management profile

Number of profiles

Profiles7 records

Glassbridge Enterprises funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Glassbridge Enterprises M&A and investment

M&A and investment

M&A9 records

Investments1 record

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

Frequently asked questions about Glassbridge Enterprises

What does Glassbridge Enterprises do?

GlassBridge Enterprises, Inc. is a publicly traded holding company that owns and operates a single asset management business. The company deploys and manages capital through an investment team, with the firm led by CEO Daniel A. Strauss and governed by a board of directors. No branded funds, products, or service offerings are enumerated on the company's website or in disclosed materials.

Is Glassbridge Enterprises a public or private company?

Glassbridge Enterprises is a public company. It is classified as public and is currently operating.

When was Glassbridge Enterprises founded?

Glassbridge Enterprises was founded in 1996. It employs 1,001 to 5,000 people.

Where is Glassbridge Enterprises based?

Glassbridge Enterprises is headquartered in Oakdale, United States, in the North America region.

Who are Glassbridge Enterprises's main competitors?

Direct peers on record are Cohen & Steers, Victory Capital Holdings, WisdomTree Investments, Silvercrest Asset Management Group, Manning & Napier and Westwood Holdings Group. Broad incumbents are Blackstone and Roper Technologies. Tacora Capital Management is listed as an others.

Does Glassbridge Enterprises have an API?

No public API is recorded for Glassbridge Enterprises.

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Live signals
PR NewswireGlassBridge Reports Third Quarter 2018 Financial ResultsGlassBridge Enterprises announced Q3 2018 financial results with a net gain of $6.9 million, driven primarily by a $6.1 million gain from the completed sale of its Nexsan business and a $2.3 million gain from settlement of the IOEngine promissory note. The company completed the Nexsan divestiture for gross proceeds of approximately $5.7 million and prepaid its outstanding IOEngine note obligation at a reduced price of $2.25 million. However, GlassBridge faces pension funding challenges, having missed required contributions totaling approximately $2.1 million due to pending discussions with the Pension Benefit Guaranty Corp, and is now pivoting to focus on its asset management business.PR NewswireGlassBridge Enterprises, Inc. Announces Q3 2018 Financial Results Conference CallGlassBridge Enterprises, Inc. announced it will hold a teleconference and live webcast on November 13, 2018 at 10:00 a.m. Eastern Time to discuss financial results for the third quarter ended September 30, 2018. The call will follow the company's release of its Q3 2018 financial results, with a digital recording available for replay until November 20, 2018. GlassBridge Enterprises is a holding company with operations in asset management through its wholly-owned subsidiary GlassBridge Asset Management, LLC and data storage through its partially-owned subsidiary NXSN Acquisition Corp.PR NewswireGlassBridge Announces Divestiture of Nexsan BusinessGlassBridge Enterprises completed the divestiture of its Nexsan business to StoreCentric, Inc. for gross proceeds of $5.67 million, simultaneously prepaying a $4 million promissory note owed to IOENGINE, LLC at a discounted price of $2.25 million. The transaction marks the final step in GlassBridge's exit from its legacy businesses and positions the company to focus exclusively on its asset management strategy, including its hedge fund and venture capital operations. Going forward, GlassBridge intends to explore additional opportunities to expand its asset management capabilities.PR NewswireGlassBridge Enterprises, Inc. Announces Q2 2018 Financial Results Conference CallGlassBridge Enterprises, Inc. announced it will hold a teleconference and live webcast on August 14, 2018 at 10:00 a.m. Eastern Time to discuss financial results for the second quarter ended June 30, 2018. The call will follow the company's release of its Q2 financial results, with a digital recording available for replay until August 28, 2018. GlassBridge Enterprises is a holding company focused on strategic asset management opportunities, with wholly-owned subsidiary GlassBridge Asset Management and partially-owned subsidiary NXSN Acquisition Corp.PR NewswireGlassBridge Reports First Quarter 2018 Financial ResultsGlassBridge Enterprises reported Q1 2018 financial results with revenue of $9.4 million, down 2.1% year-over-year, but highlighted that its Nexsan data storage business returned to profitability in the quarter after previous operational challenges. Operating loss improved significantly to $1.6 million from $7.5 million in Q1 2017, driven by a 41.6% reduction in selling, general and administrative expenses and improved gross margins of 52.1%. The company is strategically repositioning toward an asset management business while maintaining its partially-owned Nexsan operations, having seeded its first investment vehicle managed by GlassBridge Asset Management.PR NewswireGlassBridge Enterprises, Inc. Announces Q1 2018 Financial Results Conference CallGlassBridge Enterprises, Inc. announced it will hold a teleconference and live webcast on May 15, 2018 to discuss financial results for the first quarter ended March 31, 2017. The call will follow the Company's release of Q1 results and will include a live webcast as well as a digital recording available for replay. The announcement is a routine corporate communication providing access details for an upcoming earnings call.PR NewswireGlassBridge Reports Fourth Quarter 2017 Financial ResultsGlassBridge Enterprises reported Q4 2017 financial results with revenue of $8.8 million, down 22.1% year-over-year, and an operating loss of $10.5 million from continuing operations, compared to a $5.1 million loss in Q4 2016. The company disclosed that it re-took management control of its Nexsan data storage business in November 2017 after Spear Point Capital Management's inadequate management and violations of transaction agreements damaged the business, prompting a stabilization effort including leadership changes and cost reductions.PR NewswireGlassBridge Enterprises, Inc. Announces 2017 Financial Results Conference CallGlassBridge Enterprises, Inc. announced it will hold a teleconference and live webcast on March 30, 2018 to discuss financial results for the fiscal year ended December 31, 2017. The call will follow the company's release of its 2017 financial results. Replay access codes and contact information for investors and stockholders were provided in the announcement.PR NewswireGlassBridge Sells IMATION® Trademark to O-Jin CorporationGlassBridge Enterprises completed the sale of all worldwide rights to the IMATION® trademark to South Korea-based O-Jin Corporation on December 1, 2017, with the transfer having occurred upon O-Jin's initial cash payment on August 4, 2017. O-Jin exercised an early payment option on the same date, choosing to pay in full in 2017 rather than making scheduled payments in 2018 and 2019 in exchange for a discount. GlassBridge Enterprises is a holding company that actively explores new strategic asset management opportunities through its subsidiaries.PR NewswireGlassBridge Reports Second Quarter 2017 Financial ResultsGlassBridge Enterprises reported Q2 2017 financial results with revenue of $8.8 million, down 17 percent year-over-year, driven by its Nexsan data storage business segment which accounted for all quarterly revenue. The company reduced its operating loss from continuing operations to $5.1 million from $5.8 million in the prior year period, while simultaneously launching its new asset management subsidiary GBAM with proprietary capital. The company maintains a cash balance of $19.5 million and has a share repurchase program authorising the repurchase of up to 500,000 shares.