Royce Investment Partners is an asset management firm specializing in small-cap and micro-cap investing. Founded in 1972 and based in New York, the firm pioneered actively managed strategies across the broader small-cap universe. Operating as a specialist investment manager of Franklin Resources, Inc., Royce emphasizes a deep partnership culture—with portfolio managers and employees actively co-investing alongside their clients. Drawing on more than five decades of focused research and market experience, Royce delivers disciplined, long-term investment strategies across open-end funds, closed-end funds, separately managed accounts, and ETFs.