International Equity Partners · Est. 2026

A lifetime of conviction.
One thesis, precisely executed.

Prime Meridian Partners is a boutique international equity firm. We invest across developed and emerging markets ex-USA — with the conviction, depth, and independence that institutional fund managers cannot offer.

80+
Years combined experience
6
International regions covered
3
Founding partners
100%
Ex-USA equity focus
The Case for Prime Meridian

There is a better way to invest
internationally.

The classic mutual fund model was designed for a different era. High fees, closet indexing, and misaligned incentives have left international allocations chronically underperforming their potential. We built something different.

The Traditional Fund Model
—
Closet indexing
Hundreds of positions dilute any real conviction. You pay active fees for passive returns.
—
Fee drag that compounds against you
Management fees, performance fees, and custody costs erode 150–200bps annually before returns are even measured.
—
Benchmark-hugging incentives
Portfolio managers are rewarded for not losing their jobs — not for making you money. Career risk drives mediocre decisions.
—
Generic international exposure
Most international funds overweight whatever country index is largest — not where the best opportunities lie.
—
One-size-fits-all mandates
Your capital is pooled with thousands of others. Your specific objectives, constraints, and values are ignored.
The Prime Meridian Approach
+
High-conviction, concentrated portfolios
20–35 best ideas. Every position has to earn its place. Conviction, not coverage, drives returns.
+
Aligned, transparent economics
We invest alongside you. Our interests are aligned with yours — we only do well when you do well.
+
Genuine independence
No distribution targets. No institutional constraints. We go where the research takes us, not where the benchmark points.
+
Precision international coverage
Deep expertise across Europe, Japan, Asia Pacific, Emerging Asia, Latin America, and EEMEA — not a generalist allocation.
+
Bespoke mandates for each family
Your objectives, your constraints, your values. Every portfolio is built specifically for you — not adapted from a model.
The Partners

Three practitioners.
Eight decades of markets.

Prime Meridian was founded by three international investment professionals who have each spent over 25 years at the sharp end of global markets — as analysts, portfolio managers, and research leaders — and built something better than what they found.

BB
Bill Benton
Managing Partner
Over 25 years as an equity analyst
Bill has covered equities across every major region and market cap globally, with specialist depth in technology, consumer, and industrials. He lived and worked internationally, including years based in Europe, giving him genuine on-the-ground insight into markets that most analysts cover from a distance. Prior to founding Prime Meridian, Bill served as Director of Research for a 30+ person investment team — a role that demanded both analytical rigour and the ability to translate research conviction into portfolio decisions at scale.
JM
Jack Murphy
Partner — Emerging Markets & Consumer
Over 25 years as an analyst, PM, and research director
Jack has spent his career where the highest-conviction opportunities live — the complex, fast-moving terrain of emerging markets and the global consumer sector. As an equity analyst, portfolio manager, and director of research, he has navigated political cycles, currency dislocations, and structural transformation across EM economies that most investors find too difficult. His deep expertise in emerging market consumer businesses — from LatAm e-commerce to Southeast Asian fintech — reflects a career built on going where consensus has not yet arrived.
DJ
DJ Neiman
Partner — Portfolio Management & Financials
Over 25 years across research, portfolio management & leadership
DJ brings the broadest mandate of the three partners — he has operated as equity analyst, portfolio manager, director of research, and co-head of a global investment team managing over $40 billion in long-only actively managed equities. That breadth of experience informs everything at Prime Meridian: how ideas translate into portfolios, how portfolios are risk-managed, and how clients are served. His specialist sector expertise is financials — an area that demands both analytical precision and macro awareness — across all market caps and geographies.
Investment Philosophy
What We Believe

Conviction over
consensus.

We believe that genuine alpha in international equity comes from going where the research leads — regardless of benchmark weights, analyst consensus, or short-term market noise. The best international opportunities are rarely in the largest index constituents.

"The classic mutual fund is structurally designed to avoid being wrong in a visible way. We are designed to be right in a meaningful way."

Bill Benton, Managing Partner
01
Quality first,
always.
We seek businesses with durable competitive advantages, high returns on invested capital, and management teams with skin in the game. Quality is not a style — it is the foundation of every position we hold.
02
Patience as
strategy.
Compounding works over time. We build positions to hold for years, not quarters. Turnover is a tax — on returns, on insight, and on our clients' capital. We only sell when the thesis has changed.
03
Precision over
breadth.
We know every name we own. Every position has a written thesis, a price target, and a clear exit condition. Coverage depth — not breadth — is what generates insight. We cover less and know more.
04
Risk is
permanent loss.
Volatility is not risk. Permanent capital impairment is. We obsess over downside scenarios, balance sheet integrity, and governance quality — especially in markets where legal protection is weaker.
05
Geographic
diversity, not dilution.
We invest across six international regions because opportunity does not respect borders. But we never hold a position simply for geographic diversification. Every name must be independently compelling.
06
Alignment with
every client.
We invest our own capital in our strategies. We charge transparent fees. We report honestly on what went wrong as well as what went right. Alignment is not a talking point — it is the structure of our firm.
How We Invest

A rigorous process.
Designed for an edge.

01
Universe Definition & Screening
We begin with a proprietary quantitative screen across 6 international regions, filtering for quality, growth, valuation, and momentum signals. This narrows a universe of thousands to a focused watchlist of genuine candidates.
02
Deep Fundamental Research
Each candidate receives a detailed written investment thesis — business model analysis, competitive position, management quality, financial model, risk assessment. No position enters the portfolio without a complete write-up.
03
AI-Augmented Portfolio Construction
Our proprietary platform uses AI-driven portfolio construction to optimise allocations against each client's specific mandate — return objectives, risk tolerance, geographic constraints, and liquidity requirements.
04
Continuous Monitoring & Refresh
Portfolios are not set and forgotten. Our platform runs AI-driven refresh analyses comparing current holdings to fresh research data — identifying drift, new opportunities, and positions that no longer meet our criteria.
05
Bespoke Client Reporting
Each client receives transparent, detailed reporting — holdings, rationale, what changed and why. We report in your preferred currency, against your preferred benchmark, and with the level of depth you want.
"International markets reward those who do the work. The edge is not in knowing more tickers — it is in knowing your names more deeply than anyone else."
DJ Neiman, Partner — Portfolio Management
We cover six regions
Europe (DM)
Japan (DM)
Developed Asia ex-Japan
Emerging Asia
Latin America
EEMEA
Get Started

Ready to explore a
better international allocation?

We work with a small number of family offices and institutional investors. If you believe there is a better way to access international equity, we would welcome a conversation.

Partner Login