Our Work. Our Values. Our Firm.
Every day, we employ the talents of more
than 1,300 exceptional individuals worldwide.
Investment bankers. Asset managers.
Research analysts. Trading specialists.
But ultimately, we measure our success as a
firm by the success of our clients—helping
them pursue their aspirations today while
fueling even greater ambitions for tomorrow.
Ideas evolve. Understanding grows.
And a brighter future unfolds.
Tomorrow Awaits.
Table of Contents
01
Introduction
Who We Are
We have the freedom to put your interests first, just as a true partner would.
We share your vision—and are prepared to see it through.
02
Our Business
What We Do
We deliver solutions that are as diverse as the people and organizations we serve.
Investment Banking
Institutional Asset Management
Private Wealth Management
Equity Research
Institutional Sales & Trading
09
Our Values
Based on Our Founder’s Principles
By building enduring relationships with our clients, we help individual and
institutional clients achieve their objectives. We provide expertise and solutions
to meet our clients’ evolving needs.
Global Expertise
Investment Culture
Invested in Our Communities
Long-Term Relationships
14
Financial Stability
Owning Our Responsibilities
As a 100% employee-owned firm with a strong balance sheet, we have the freedom to
remain steadfastly focused on our clients’ long-term success through all market cycles.
Consolidated Statement of Financial Condition
Partner List
Locations
Disclosure and Memberships
Introduction
Who We Are
Whether we are strengthening
the portfolios within a company’s
retirement plan, guiding a company
through an important stage of its
growth, or helping a family create
an enduring financial legacy across
generations, our success depends on
our ability to understand our clients’
goals and deliver valuable solutions.
The advice we provide takes many
different shapes. But we approach
each relationship from the same
perspective—the perspective of a
true partner who is committed to
your long-term success. Wherever
our clients come to us from, we
are there to provide the rigor and
expertise to help them capitalize on
the opportunities and navigate the
risks they face.
In our industry, the strength of a
relationship is not measured by the
number of years or the number of
transactions. It is defined by how well
we understand our clients and our
ability to help them reach their goals.
That is why we consider the trust that
our clients place in us—year after year,
transaction after transaction, and
market cycle after market cycle—
to be the ultimate validation of
our approach.
As an independent, employee-owned
firm, we have the freedom to put your
interests first, just as a true partner
would. We share your vision—and we
are prepared to see it through.
“When you get down
to it, the investment
business is about
relationships. And
relationships are
built on trust and
performance—over
the long term. That
is why we do not
measure success
one quarter, one
transaction, or one
trade at a time.”
Sincerely,
John Ettelson
President & CEO
William Blair 1
Our Business
What We Do
Though it now spans many disciplines and four continents, our work
has always been driven by the ever-evolving needs of our clients.
As an independent global investment banking and asset management
firm, we have the freedom to pursue our ideas—and the means to apply
them. All of this adds up to a caliber of service without equal.
William Blair Revenue (as of December 31, 2015)
$1000
$942.1 million
$800
36%
Investment Banking
$600
13%
Private Wealth Management
$400
14%
Institutional Sales & Trading
$200
37%
$0
1970 1975 1980 1985 1990 1995 2000 2005 2010 2015
2
William Blair
Institutional
Investment Management
By the Numbers
1,976
Our Firm
completed transactions on behalf
of our clients since 2010
1,300+
630+ companies
employees worldwide
under equity research coverage
18
$72 billion
offices across four continents
in client assets as of December 31, 2015
Global coverage with combined William Blair offices and
investment banking affiliates through strategic alliances.†
†
Affiliate offices noted in green. William Blair made a minority investment in BDA Partners in October 2011.
William Blair has a strategic alliance with Poalim Capital Markets in Israel and Allier Capital in Australia.
William Blair 3
Our Business
Investment Banking
Innovative solutions and rigorous execution that empower our clients
to achieve their growth, liquidity, and financing objectives
Execution Excellence
Drawing on the collective
intellectual capital and
deep sector expertise of a
global team that spans more
than 20 cities on five continents,
we have advised on more than
$200 billion in completed
transaction volume since 2011.
360+
Advisory
As a proven leader in mergers and
acquisitions, we work diligently to
identify the optimal transaction
partners and deliver outstanding
outcomes for our clients. We have
completed more than 360 M&A
transactions totaling more than
$95 billion since 2011, including
transactions in more than 25
countries. Through relationships
with industry-leading strategic
acquirers, financial sponsors,
business owners, and leveraged
finance providers, we help companies
maximize the strategic and financial
value of each transaction.
We are a trusted advisor to some of the
world’s most sophisticated publicly
traded companies. Drawing on our
deep transaction experience and
independence, we help boards, special
committees, and management teams
evaluate major corporate transactions
and maximize shareholder value.
Serving both private- and publicsector clients, our dedicated public
private partnership team has
facilitated some of the most innovative
and noteworthy investments of private
capital in public infrastructure.
4
William Blair
Financing
Our public equity, debt, and private
equity financing expertise and
distribution capabilities enable issuers
to enter the market with confidence
and assurance. Since 2011, we have
been involved in approximately 20%
of U.S. IPOs and helped clients raise
approximately $120 billion to finance
their growth and strengthen their
financial positions.
By connecting growth-oriented
companies with a network of highquality, long-term investors, we
deliver compelling results for issuers
of IPOs, follow-on offerings, and other
equity-linked transactions. We provide
advisory, placement, and underwriting
services for companies looking to
raise capital through private equity,
leveraged finance, corporate debt,
and credit tenant lease transactions.
We are a leading provider of financing
solutions for public agencies,
governments, school districts, and
other tax-exempt borrowers.
M&A transactions totaling
$95 billion since 2011
$100+ billion
of equity capital raised
for clients through
more than 400 equity
and equity-linked
transactions since 2011
990+
debt transactions totaling
$19 billion since 2010
Nearly 70%
of business in 2015
(excluding IPOs)
involved repeat clients
Our Business
Institutional Asset Management
Seeking to deliver sustainable performance across
market cycles, asset classes, and geographies
Trusted Capabilities
Leading institutional investors rely
on our investment management
capabilities and deep intellectual capital.
As of December 31, 2015, we manage
more than $64 billion* for leading
institutional investors, such as AT&T,
Bank of America, SEB Group, the
W.K. Kellogg Foundation, and the
Washington State Investment Board.†
We are dedicated to helping
corporations, endowments and
foundations, public funds, not-forprofit organizations, Taft-Hartley
union trust funds, and financial
advisors strengthen their portfolios
and meet the challenges of volatile
markets. We honor the trust our clients
have placed in us through transparency
and a relentless focus on alpha. An
important factor in our goal of delivering
outperformance is the management
of capacity and inflows. We have a
long history of proactively addressing
potential capacity issues before they
arise and have closed certain strategies
to new investors in order to protect the
integrity of our investment portfolios
and put client interests first.
Global Expertise
In our pursuit of strong risk-adjusted
performance, we take an unconstrained
view of the investment opportunity
set across our spectrum of capabilities.
This broad perspective, coupled with
collaboration and idea sharing across
investment teams, has underpinned
our research efforts throughout our
history. Approximately 60% of assets
under management are invested in
non-U.S. equity strategies.
Disciplined, Research-Driven Process
At William Blair, our investment
teams are solely focused on active
management and employ a timetested investment process that we
rigorously apply across investment
strategies: domestic equity (growth and
value), international and global equity
(growth), fixed income, multi-asset,
and alternatives. These strategies are
available across an array of investment
vehicles, including separate accounts,
collective investments trusts, SICAV
products, and mutual funds. Consistent
and repeatable, our process is designed
to deliver sustainable performance
across varying market environments.
Sustainable Client Value
$64.7 billion
in assets under management,
as of December 31, 2015*
25 years
average industry experience
of portfolio managers
39%
of our top 100 institutional
clients are invested in multiple
William Blair strategies‡
* “William Blair” assets under management refers to William Blair Investment Management, LLC and the investment
management division of William Blair & Company, LLC.
†
The client list is a partial listing of clients that have authorized their name for such use. William Blair selected clients for
inclusion in this list to indicate the scope of clients served using the following criteria: category, geographic location, size,
investment style. and name recognition. It is not known whether the listed clients approve or disapprove of William Blair
or the advisory services provided.
‡
Top 100 institutional clients are based on amount invested.
William Blair 5
Our Business
Private Wealth Management
Building enduring partnerships to help investors grow,
manage, and protect their financial resources
Family Wealth Conference
The conference provides an
intimate audience with experts
covering the interpersonal
and investment issues facing
high-net-worth families,
including estate planning,
family business succession
planning, and teaching the next
generation about family wealth.
Relationship-Focused
We build client relationships the same
way we approach investing: for the
long term. With an average tenure at
William Blair of 13 years, our financial
advisors have a deeper understanding
of each client’s unique objectives
and circumstances. Viewing each
piece of your financial life as part of
a larger mosaic, we provide wealth
management that integrates each
aspect into one holistic plan—from
risk management and tax efficiency
to retirement planning, wealth
transfer, and philanthropy.
Active Portfolio Management
At William Blair, we serve many
different clients: individuals, families,
foundations, endowments, and closely
held businesses. Each of these clients
benefits from the firm’s disciplined,
rigorous approach to portfolio
management, which is backed by the
firm’s highly respected institutional
investment capabilities.
6
William Blair
Our internal capabilities in equities,
fixed income, and global macro
strategies are complemented by
an open-architecture platform of
best-in-class external managers
across asset classes.
Corporate and Executive Services
Companies turn to us for objective
advice and effective solutions for
managing corporate cash flow, equitybased compensation, retirement plans,
and other strategic initiatives. We help
executives diversify their wealth and
navigate the tax and regulatory issues
relating to option exercising, Rule 144
sales, and Rule 10b5-1 plans.
Our Business
Equity Research
Providing clients with the resources and insight
needed to prosper in dynamic global markets
Coverage
Through exhaustive fundamental
research and unique insight derived
from independent thinking, our
award-winning equity research
analysts strive to identify companies
that can deliver superior investment
returns for our clients. We provide
in-depth coverage of more than 630
growth-oriented companies in the
following industry sectors: consumer;
financial services and technology;
global industrial infrastructure; global
services; healthcare; and technology,
media, and communications.
Thought Leadership
Players across the investment
industry look to William Blair’s
equity research analysts for
perspective and alpha-generating
investment ideas. In addition to our
flagship Growth Stock Conference,
we also host industry summits and
investor events around the world to
deliver valuable insight to our clients.
Award-Winning Research Team
The 2016 Greenwich Associates
survey of small- and mid-cap
portfolio managers highlights
William Blair’s tremendous ability
to deliver high-quality service
and research-driven insight to
institutional investors. William Blair’s
equity research was ranked No. 1
for “information and insights that
generate alpha - peer competitors,”
“make most calls and visits,” and
“quality of equity analyst service,” and
No. 2 for “greatest knowledge
of companies and industries.”
Intellectual Independence
630+
companies under equity
research coverage
No. 1
“Information and insights
that generate alpha - peer
competitors,” from the
2016 Greenwich Associates
survey of small- and mid-cap
portfolio managers
No. 1
“Quality of equity analyst
service,” from the 2016
Greenwich Associates
survey of small- and mid-cap
portfolio managers
William Blair 7
Our Business
Institutional Sales & Trading
Delivering superior investment ideas, access to senior
management, trade execution, and underwriting
Equities
When growth companies need to
connect with an audience of quality
investors, they turn to William Blair.
By leveraging our long-standing
relationships with institutional
investors across North America
and Europe, we offer world-class
distribution for growth-oriented
issuers. Our institutional equity
trading provides superior customer
service and optimized trade execution
for more than 3,000 listed, over-thecounter, and preferred stocks.
The 2016 Greenwich Associates
survey of small- and mid-cap
portfolio managers highlights our
tremendous performance in delivering
high-quality service and researchdriven insight to institutional
investors. William Blair’s sales
efforts were ranked No. 1, No. 2, or
No. 3 in four categories, including
“best coordinate access to analyst,”
“provide intensive service,” and
“best tailored research calls and
services to client-specific needs.”
Fixed Income
As one of the leading national
underwriters of state and municipal
debt, we maintain an active inventory
of investment-grade municipal
bonds and serve as underwriter on
competitive and negotiated issues
and as remarketing agent for variablerate issues. We distribute and trade
corporate debt issues and maintain an
inventory of corporate, convertible,
asset-backed, and mortgage bonds.
As market makers in more than
500 preferred securities, our team
provides liquidity and market
information for our clients.
8
William Blair & Company
We maintain a healthy inventory
of taxable and tax-advantaged
preferred stocks, and we actively
participate as underwriters and
distributors for new issues.
Corporate Access
Drawing on the strength of our
relationships with investors
around the world, we connect
companies with an audience of key
decision-makers. Through our annual
Growth Stock Conference, road
shows, and one-on-one meetings,
our domestic and international
equity salesforce facilitates the flow
of information between investors
and management of quality growth
companies. Our corporate access
professionals work closely with
investor relations teams to design
and coordinate non-deal road show
itineraries that are customized to each
company’s objectives.
Growth Stock Conference
The Growth Stock Conference
is a premier investor forum
for high-ranking senior
management to meet and
exchange ideas. The
35th Annual Growth Stock
Conference in 2015 hosted
nearly 5,000 one-on-one
meetings between investors
and executives from about
230 presenting companies.
Our Values
Based on Our Founder’s Principles
Founded in 1935, our company began with a
promise. It would be conservatively financed.
It would stand for honest dealings and sound
corporate advice. And most importantly, it would
recommend only investments that it could vouch
for based on diligent research. Today, even with
offices spanning four continents, these same
principles run through everything we do.
William Blair 9
Our Values
Global Expertise
Boots on the ground with 18 offices across four continents, we
leave no market unexplored in the pursuit of our clients’ success
Every day, the world becomes more
interconnected. That is why we
believe our clients are best served by
an approach that combines a global
perspective and local understanding
gained by having feet on the ground
around the world.
The most innovative companies, the
most attractive growth opportunities,
and the best counterparties are
increasingly found outside traditional
developed markets. Across our asset
management, investment banking,
research, and sales and trading efforts,
we are committed to finding the best
opportunities for our clients regardless
of language or hemisphere.
The Global Pursuit
of Opportunity
55%
of institutional assets under
management are invested in
non-U.S. equity strategies
32%
of M&A transactions since
2010 are cross-border
20+
countries represented
among our equity
research coverage
10
William Blair
Our Values
Investment Culture
William Blair will always be a place for those who
are passionate about the craft of investing
Collaborative
The quality of our people and their
passion for investing will always be
our most valuable asset. We have
created an environment where
investment professionals and sector
experts can thrive and focus on the
things that truly create value for our
clients. Ours is a highly collaborative
culture where people are free to
pursue independent ideas and
empowered to develop those ideas
with fellow experts across sectors,
asset classes, and product areas.
Process-Driven
We know that process is the key to
sustainable results—but only if applied
with daily rigor and discipline. Across
our investment strategies, we employ
a consistent, repeatable process that
is designed to deliver performance
that meets our clients’ expectations
in varying market environments.
For each investment banking client,
we draw on our deep knowledge
of the sector’s growth dynamics to
drive highly competitive processes
to deliver the best price, terms, and
certainty of close.
2012-2015
named one of Pensions &
Investments’ Best Places to
Work in Money Management
7 years
average tenure of William Blair
research analyst
14 years
average tenure of William Blair
portfolio manager
Over the past four years, the strength
of our culture has been recognized by
Pensions & Investments (No. 4 in 2015
and No. 3 in the 2012 and 2013 “Best
Places to Work in Money Management”
for midsize companies), Vault (No. 5 for
employee satisfaction and No. 6
for culture in the “Banking Employer
Rankings 2015”), Fortune (No. 9
in the “20 Great Workplaces in
Financial Services” for 2015), and the
Chicago Tribune (named to the “Top
Workplaces” list every year since 2010).
William Blair 11
Our Values
Invested in Our Communities
$1.8 million+
donated in 2015 to invest
in our communities
Building a stronger tomorrow by
investing in our communities today
We are committed to being a long-term partner to the communities in which we live
and work. This is a legacy we inherited from our founder more than 80 years ago and
proudly continue today.
Community Engagement
William Blair and its foundation provide financial support to hundreds of charities
every year. The firm’s employees nominate nonprofit organizations for our
Community Partners program, through which we provide meaningful financial
support and employee volunteers. Through this program, we have supported
college preparation and graduation initiatives, established mentoring relationships,
provided new computer labs for after-school and summer programs, supported
arts education in public schools, and brought nutritious food to school children
and their families. In 2016, Bernie’s Book Bank and Urban Initiatives were named
Community Partners. We are also a proud supporter of Bunker Labs.
Making a Difference Around the Globe, One Employee at a Time
Each year William Blair employees contribute to hundreds of charitable
organizations through their time, financial resources, and leadership. Around the
world, from San Francisco to Frankfurt, employees are active in their communities,
supporting food banks, environmental programs, and educational organizations.
Our employees collect coats for Wrap Up London, help fight homelessness in
Zurich, and sponsor an annual youth art competition to celebrate the legacy of
Anne Frank in Frankfurt. William Blair’s employee matching gifts program furthers
the support of our employees in their communities.
12
William Blair
400+
charitable organizations
supported by the firm and
its foundation in 2015
2016 Community Partners
Bernie’s Book Bank
helps increase book
ownership among children
throughout Chicagoland.
Urban Initiatives
empowers children to adopt
healthy lifestyles and improve
their academic performance.
William Blair is also proud
to support Bunker Labs,
an organization focused on
launching and accelerating
veteran-owned businesses.
Our Values
Long-Term Relationships
We believe true success is measured over the long run, built
by enduring relationships and understanding clients’ goals
Day after day, year after year, our
clients count on us to guide them
through evolving market conditions
and help them reach their ultimate
goals. Through a continuing dialogue
that often spans decades and
generations, we gain an intimate
understanding of each client’s vision
and road map for growth.
Leading companies turn to us for
strategic advice as their businesses
evolve through the continuum of
growth financing and M&A needs.
Families rely on us to help them
build an enduring legacy for future
generations. Investors count on us
to identify promising opportunities
across all phases of the market cycle.
We deliver on these promises by
remaining steadfastly focused on our
clients’ long-term success.
Continuity and Stability
65%+
of investment banking
transactions in 2015
(excluding IPOs) were on
behalf of repeat clients
21 years
average industry experience
of financial advisors at
William Blair
11
transactions completed for
Molex, including 1972 IPO and
2013 sale to Koch Industries
William Blair 13
Our Financial Stability
Owning Our Responsibilities
Our independence and the strength of our
financial condition are tremendous assets for
our clients. We have very little third-party
debt on our balance sheet; all of the equity
comes from the partners of the firm. This
stability and alignment allows us to remain
singularly focused on our clients’ needs
through all types of market conditions.
Our Financial Stability
Consolidated Statement of Financial Condition
Assets
December 31, 2015
Cash and Cash Equivalents
$227,044,046
Cash Segregated Under Federal Regulations and Restricted Cash
Collateralized Agreements
Securities Borrowed
Securities Purchased Under Agreements to Resell
2,811,541
32,371,965
20,963,750
53,335,715
Receivables
Customers
Brokers, Dealers, and Clearing Organizations
Other
156,132,235
21,645,449
33,858,684
211,636,368
Deposits with Clearing Organizations and Others
13,528,121
Trading Securities Owned (at Fair Value)
57,524,586
Firm-owned Investments
18,052,256
Secured Demand Notes (Collateral Market Value $87,815,271)
49,671,000
Fixed Assets at Cost (Net of Accumulated Depreciation and Amortization of $139,347,604)
36,233,853
Other Assets
18,351,808
Total Assets
$688,189,294
Liabilities and Member’s Capital
December 31, 2015
Payable to the Member and Partners of the Member
Payables
Customers
Brokers, Dealers, and Clearing Organizations
Other
$201,071,444
31,381,696
8,285,602
24,487,921
64,155,219
Securities Sold, Not Yet Purchased (at Fair Value)
46,735,960
Accrued Expenses
133,649,273
Total Liabilities
445,611,896
Subordinated Borrowings
Member’s Capital
Total Liabilities and Member’s Capital
49,671,000
192,906,398
$688,189,294
William Blair 15
Our Financial Stability
Partner List
President and CEO
John R. Ettelson*
Chairman Emeritus
Edgar D. Jannotta
Vice Chairman
E. David Coolidge III
Robert Abbe
Jason N. Ader
Ryan D. Airola
John Allen
Jon R. Andersen
Alaina M. Anderson
Benjamin C. Andrew
Anthony G. Baldwin
Michael P. Balkin
Reto B. Baruffol
James Bennett
William W. Benton
James M. Bertram
Susan J. Blahak
Edward McC. Blair Jr.
Douglas A. Blauw
Marina S. Bozilenko
Mark G. Brady
Stephanie G. Braming
John L. Brennan
Karl W. Brewer
Ronald J. Bukovac
Harvey H. Bundy III
Jeffrey Burtelow
Timothy W. Carroll
Mike Cavanaugh
Daniel P. Charles
Frank Chiou
Thomas M. Clarke
Daniel J. Connolly
James J. Connors
Daniel Crowe
John W. Cultra
Benjamin W. Curtis
Ryan S. Daniels
Daniel G. Daul
Ryan J. DeVore
Brandon B. Dobell
Gareth A. Down
Brian J. Doyle
Brian P. Drab
16
William Blair
Brian M. Duddy
Robert A. Durkin
Robert Duwa
Stephen E. Elkins
William G. Escamilla
Elliot G. Farkas
Brent W. Felitto
Simon Fennell
Walid M. Fikri
Adam S. Filkin
Edward J. Finn
F. Conrad Fischer
Frederick D. Fischer
Robert C. Fix
Anthony P. Flanagan
Andrew G. Flynn
David C. Fording
Christoph B. Fuchs
Mark A. Fuller III
Heather A. Gardner
Brent W. Gledhill*
James S. Golan
Joel K. Gomberg
Matthew B. Gooch
Richard D. Gottfred
Daniel R. Grant
Raphael Grunschlag
Dave Hagen
Jim A. Hamman
Kyle G. Harris
Liam P. Healy
Roger A. Hill
Paul M. Hindsley
Anthony T. Hoban
Charles H. Hodges IV
Christian D. Hodneland
Michael A. Jancosek
Ross Jannotta
Steven R. Jesanis
Andrew M. Jessen
James Jones
John F. Jostrand
Michael T. Kalt
James P. Karlis
William O. Kasten
John T. Kibler
Chad M. Kilmer
Adam Klauber
John C. Kreger III
Douglas Kryscio
Thomas E. Lanctot
Chris Lane
Louise Lane
Mark R. Lane
Robert C. Lanphier IV
Mark T. Leslie
Stewart Licudi
Brandon W. Lower
Timothy F. Lugo
David K. Mabie
James W. Mabie
Eric S. Maddix
Steven E. Maletzky
Annette M. Marker
Peter Marr
Brian T. Marshall
Kelly J. Martin
G. Dewey Martinelli
Ralph A. Mastrangelo
Scott A. Mattson
Kenneth J. McAtamney
Todd M. McClone
Richard J. McDonald
Timothy McHugh
John V. McLaughlin
Carlette C. McMullan
Michael Meitus
David C. Merjan
Corey A. Minturn
David S. Mitchell
Philipp C. Mohr
John C. Moore*
John C. Murphy
Robert P. Napoli
D.J. Neiman
Terrence J. O’Bryan
James P. O’Connor
John F. O’Toole
Thomas W. Pace
Karl A. Palasz
Brett L. Paschke
R. Scott Patterson
David Port
Casey K. Preyss
Laura Provenzale
Gregory J. Pusinelli
Michael P. Quinn
David P. Ricci
Thomas Ross
Eric B. Rowley
Alfred J. Salvino
John P. Salvino
Thomas J. Salvino
Beth Satterfield
Ralph E. Schackart III
Joe A. Schauenberg
Brian F. Scullion
Michelle Seitz*
Ward D. Sexton
Anurag Sharma
Arthur J. Simon*
Brian D. Singer
Michael M. Sirvinskas
Michael Siska
Jonathan P. Skinner
Richard W. Smirl
Brent M. Smith
John R. Smith
John S. Sonnier
Rita J. Spitz
Scott J. Stevens
James Suprenant
Bhavanmit S. Suri
Joseph L. Tabet
Raymond J. Teborek
Dwight Michael Thompson
Mark C. Thompson
Samuel J. Tinaglia Sr.
William B. Trukenbrod
Jeffrey A. Urbina*
Christopher T. Vincent
Spiro Voulgaris
Kenneth L. Wagner
Charles A. Watson
Geoffrey J. Wehling
Brian D. Weinstein
Michael F. Wertz
James White
Kurt M. Wiese
James H. Wildman
Colin J. Williams
Daniel J. Wilson
Thomas A. Wilson Jr.
Y. Katherine Xu
Sharon M. Zackfia
Matthew M. Zimmer
Jon W. Zindel*
* Executive Committee Member
Our Financial Stability
Locations
international
united states
Chicago — Headquarters
222 West Adams Street
Chicago, IL 60606
+1 312 236 1600
+1 800 621 0687
[email protected]
williamblair.com
Atlanta
3340 Peachtree Road NE
18th Floor
Atlanta, GA 30326
+1 855 821 9144
Effective October 2016,
the Atlanta office will
be relocating to:
3060 Peachtree Road
Suite 900
Atlanta, GA 30305
Austin
River Place
6500 River Place Boulevard
Building 7, Suite 250
Austin, TX 78730
+1 512 813 7662
Boston
125 High Street
Oliver Street Tower
Suite 1901
Boston, MA 02110
+1 617 235 7500
Cincinnati
300 East Business Way
Suite 200
Cincinnati, OH 45241
+1 513 247 6134
Columbus
20 South Third Street
Suite 200
Columbus, OH 43215
+1 614 324 3222
Detroit
2000 Town Center
Suite 1900
Southfield, MI 48075
+1 866 692 4299
Frankfurt
TaunusTurm
Taunustor 1
60310 Frankfurt, Germany
+49 69 509 527 600
Hartford
Putnam Place
100 Great Meadow Road
Suite 606
Wethersfield, CT 06109
+1 800 596 2028
London
The Broadgate Tower
20 Primrose Street, 17th Floor
London, EC2A 2EW
+44 20 7868 4440
Los Angeles
10100 Santa Monica Boulevard
Suite 300
Los Angeles, CA 90067
+1 310 734 5800
New York
666 Fifth Avenue
14th Floor
New York, NY 10103
+1 212 237 2700
San Antonio
Colonnade
9901 I.H. 10 West
Suite 800
San Antonio, TX 78230
+1 210 558 2849
São Paulo
Av. Brigadeiro Faria Lima 3729 / 511
São Paulo, SP, Brazil 04538-905
+55 11 3443 6472
Sydney
Level 26, 1 Bligh Street
Sydney, NSW 2000
+61 2 8226 8571
Zurich
Talstrasse 65
CH-8001 Zurich
+41 44 287 9020
San Francisco
343 Sansome Street
12th Floor
San Francisco, CA 94104
+1 415 986 5596
Wilmington
500 Delaware Avenue
7th Floor
Wilmington, DE 19801
+1 302 573 5000
William Blair 17
Disclosure and Memberships
Investment Advisor Disclosure:
It is not known whether the listed
clients approve or disapprove of
William Blair & Company, L.L.C. or
the advisory services provided.
This is not in any sense a solicitation
or offer of the purchase or sale of
securities. The factual statements
herein have been taken from sources
we believe to be reliable, but such
statements are made without any
representation as to accuracy or
completeness or otherwise. Opinions
expressed are our own unless
otherwise stated.
This material has been approved for
distribution in the United Kingdom by
William Blair International, Limited
regulated by the Financial Conduct
Authority. This material may not
be passed on to retail clients in the
United Kingdom.
Memberships:
Financial Industry Regulatory
Authority, Inc. (FINRA) and
Securities Investor Protection
Corporation (SIPC).
18
William Blair
For more information about how the
Pensions & Investments “Best Places
to Work in Money Management”
rankings mentioned on page 11
were compiled, please visit
www.pionline.com.
For more information about how the
Chicago Tribune “Top Workplaces”
rankings mentioned on page 11
were compiled, please visit
www.topworkplaces.com.
For more information about how the
Greenwich Associates survey of
small- and mid-cap managers
mentioned on page 7 were compiled,
please visit www.greenwich.com.
As we look ahead, the words of our
founder, William McCormick Blair,
resonate more strongly than ever:
“When our clients succeed,
the firm’s success will follow.”
This means leaving no stone
unturned, no market unexplored,
and no question unanswered in the
pursuit of turning your vision into
reality. We understand what it took
for you to get here—which is why
we will always be at your side.
About William Blair
William Blair is a global investment banking and asset management firm. We are
committed to building enduring relationships with our clients and providing
expertise and solutions to meet their evolving needs. An independent and
employee-owned firm, William Blair is based in Chicago, with offices in 18 cities
across four continents. For more information, please visit williamblair.com.