McKinley Capital Management, LLC was founded in 1990 by Bob Gillam, a second-generation Alaskan. Bob believed that computationally-driven investing could be done from anywhere in the world, including his spectacular home state. He worked with Nobel Laureate and Modern Portfolio Theory author the late Dr. Harry Markowitz, Ph.D., CFA to develop the investment model still used at McKinley Capital today. Bob passed away unexpectedly in 2018. His son, and longtime McKinley Chief Investment Officer, Rob Gillam, was appointed CEO. Under Rob’s leadership, the firm became McKinley Management in 2021. McKinley Alaska Private Investment, LLC began in 2019 as an initiative of McKinley Capital. In 2021, the company was created to formalize McKinley’s private investment business and acknowledge its specific products and services. In 2020, the firm acquired McKinley Research Group (formerly McDowell Group), Alaska’s oldest and largest research, consulting and advisory group. In 2022, the firm added McKinley Alaska Growth Capital, an innovative non-bank lending business. In 2023, the firm announced that McKinley Capital Management, LLC was acquired by Denali Advisors, LLC. In 2024, Alaska Growth Capital became majority-owned by Bristol Bay Native Corporation. McKinley Management is a minority shareholder in both organizations.
McKinley Research Group, LLC (formerly McDowell Group) was founded in 1972 by the late Eric McDowell. Eric, a lifelong Alaskan with roots in Haines and Juneau. Eric translated his passion for people and community into building a firm known for our high-quality, personalized services. In 2020, McDowell Group was purchased by McKinley Management and today has staff based in Juneau, Anchorage, and Washington State.