About Us

TimesSquare Capital Management (TSCM) is a boutique growth equity investment manager specializing in high-quality small cap and mid cap growth companies. Founded in 2000, TimesSquare has spent more than two decades applying a single, disciplined, research-driven investment philosophy centered on Quality Growth investing.
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To TimesSquare, Quality means strong management teams, durable competitive advantages, and the financial characteristics that support compounding over time. The firm targets inefficient market-cap ranges where fundamental research still confers a genuine edge over passive and quantitative strategies.

Through employee equity participation, TimesSquare's Partners share a common economic interest with its clients, invested in the same outcomes and accountable to the same results. This ownership structure has been in place since the firm's founding and reinforces a client-first mindset.

TimesSquare is differentiated by three core attributes: a quality-first investment philosophy, rigorous bottom-up fundamental research, and a willingness to invest in pre-profitability companies where a credible path to profitability can be rigorously underwritten.

With more than 20 years of investment experience as a small to mid cap growth equity manager, TimesSquare believes its quality approach provides a durable competitive edge — both for weathering complex markets and for navigating full market cycles. Investment styles and asset classes move in and out of favor, shaped by macroeconomic shifts, sentiment swings, and quarter-by-quarter volatility. A quality-oriented approach is built precisely for that environment.

Quality businesses possess an enduring nature that allows them to weather downturns and navigate full market cycles. For investors allocated across riskier asset classes, a quality growth strategy can serve a dual purpose: stabilizing a portfolio during periods of market stress while contributing meaningfully to returns over longer time horizons.

Many quality growth managers define their opportunity set narrowly, screening out companies that are not yet profitable and limiting their universe to established earners. TimesSquare takes a more open-minded view. Current profitability, while often a hallmark of quality, is not the firm's sole criterion. Where the team can rigorously assess a business model and identify a credible, well-supported path to profitability, TimesSquare will invest. This discipline requires deeper analytical work and a higher burden of proof and it has consistently led the firm to companies well ahead of the inflection point that the broader market eventually recognizes. The result: positions in businesses that go on to become highly profitable.

A quality-first philosophy, rigorous bottom-up research process, and a differentiated willingness to look where others won't, form the foundation of a strategy designed to generate more stable returns while enhancing long-term performance. The strategy is managed by a team with over 20 years of experience and is strongly aligned with client interests through substantial equity participation.

TimesSquare is a quality growth investor with strong valuation discipline, which shares philosophical common ground with GARP (Growth at a Reasonable Price) investing, but the firm does not strictly identify as a GARP manager.

GARP, or Growth at a Reasonable Price, is a hybrid investment style that combines elements of growth and value investing by seeking companies with strong earnings growth potential trading at reasonable valuations. GARP avoids the highest-priced growth stocks while also bypassing deeply discounted but stagnant value stocks. It is often used in conjunction with the PEG ratio (price-to-earnings-to-growth) as a screening tool.

TimesSquare is a growth investor, but not “at any price.” Valuation discipline is central to how the firm invests, and TimesSquare holds a firm conviction that even the highest-quality business can become a poor investment if purchased at an inflated valuation. Chasing growth without regard to price is a risk the firm is not willing to take on behalf of clients. TimesSquare calls this approach “Growth with a Conscience.”

“Growth with a Conscience” is the belief that genuine quality investing requires not only identifying exceptional businesses, but having the patience and discipline to own them at prices that make sense. Return potential is shaped as much by entry point as by the quality of the underlying business  and TimesSquare never loses sight of that.

TimesSquare was founded in 2000 with a single, enduring investment philosophy focused on Quality Growth. The firm has applied that philosophy across its U.S. and international growth equity strategies ever since, reflecting a deliberate commitment to a process the firm deeply believes in. Disciplined, long-term investing requires consistency of approach through changing market environments. At the same time, TimesSquare is not static. The equity market is dynamic by nature, and the firm holds itself to the same rigorous standards it applies to the companies it evaluates. When TimesSquare identifies opportunities to sharpen how it applies its philosophy,  whether through idea generation, management assessment, or position sizing, those enhancements are pursued thoughtfully and deliberately.

Given TimesSquare's distinct focus on quality growth companies, portfolio exposures generally favor higher-quality, more profitable businesses while exhibiting lower volatility and lower beta than the benchmark index.

Historically, TimesSquare strategies have delivered strong relative returns in normal, fundamentally-driven markets as well as in down and bear markets, while lagging in speculative rallies driven by lower-quality or non-earning companies. Investors aligned with a long-term, quality-oriented approach to small and mid cap growth equity tend to find this return profile well-suited to their objectives.

Investors should not expect TimesSquare to chase short-term market trends, rotate portfolios based on macroeconomic forecasts, or pursue performance through excessive risk-taking. Our investment process is fundamentally driven, not factor- or momentum-driven, and we are willing to look different from benchmarks when our research leads us there.
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Similarly, investors should not expect frequent portfolio turnover, or attempts to time market cycles. We believe long-term value creation comes from identifying quality growth businesses with durable competitive advantages, strong management teams, and attractive growth prospects, then allowing those investments time to compound.
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At TimesSquare, our focus remains on bottom-up security selection and disciplined risk management. While this approach may not outperform in every market environment, we believe it provides a repeatable framework for generating attractive risk-adjusted returns over a full market cycle.