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Our Approach

Unparalleled Knowledge & Experience in Small-Cap Companies

Small-cap investment management has been our specialty for 45+ years.

Independent Thinking that Sets Us Apart

Our team has the confidence to go against consensus, the insight to uncover opportunities others might miss, and the tenacity to stay the course through market cycles.

A Commitment to Investing with You

Our team of portfolio managers have significant personal investments in the strategies they manage.

Related Insights

14. OCTOBER 2025

The Royce Roundtable: Risks and opportunities in AI—and elsewhere

AI’s impact on the US small-cap market and why earnings strength can sustain recent US small-cap leadership are some of the topics being discussed in this new roundtable from Royce Investment Partners.

6. OCTOBER 2025

US small-caps are (finally!) on top

Royce Investment Partners: Francis Gannon discusses a positive period for US equities in the third quarter of 2025.

12. SEPTEMBER 2025

US small-caps undiscovered connection: Value-led periods and active management

Royce Investment Partners: There seems to be a notable historical trend of active small-cap managers outperforming the Russell 2000 Index in periods when value stocks lead, while trailing the small-cap index when growth stocks lead.

All investments involve risks, including possible loss of principal.

Royce & Associates (Royce) is affiliated with Legg Mason Investments (Ireland) Limited through common control and ownership by Franklin Resources, Inc. Legg Mason Investments (Ireland) Limited provides its clients with access to Royce primarily through its UK and Ireland domiciled funds, in which Royce serves as investment manager. Royce & Associates, LP primarily conducts its business under the name Royce Investment Partners.