Rosemawr Management

Greg Shlionsky, the firm’s founder, serves as Portfolio Manager and leads the investment team. Julie Morrone directs research, while Joshua Herlands oversees the dedicated Rosemawr Sustainable Infrastructure Management division. The team structure suggests Shlionsky retains final authority on portfolio construction across the firm’s municipal, not-for-profit, and infrastructure strategies.

The firm concentrates on three US-focused sectors: municipal finance, not-for-profit institutions, and sustainable infrastructure. Within municipals, a significant portion targets charter-school facilities. The sustainable-infrastructure book, which now includes an evergreen lending vehicle, finances secured loans against solar, wind, and other sustainable power projects.

Rosemawr has historically raised closed-end funds — six private capital funds since 2012, plus a charter-school co-investment vehicle and a charter-school management-company fund. In September 2025, it introduced its first open-ended structure, an Evergreen Fund designed for sustained lending to sustainable power projects.

The firm originates directly from relationships with municipal issuers, not-for-profit organizations, and sustainable-infrastructure developers. James Lister, the Director of Origination & Investor Relations, runs that process, which leans on the team’s longstanding presence in niche credit markets rather than brokered auctions.

It is a registered investment adviser structured as an asset manager, not a family office. The firm does not disclose a single-family wealth source, and its principals operate multiple pooled investment vehicles for external capital.

Rosemawr often structures its deployments as direct co-investments or bilateral credit facilities rather than committing to third-party managed funds. The charter-school co-investment fund and the closed-end private capital series both execute direct deals alongside select counterparties, reflecting a principal-to-principal posture.

Joshua Herlands runs Rosemawr Sustainable Infrastructure Management as a dedicated vertical within the firm, with its own product — the 2025-launched Evergreen Fund — and a mandate for secured lending against sustainable power assets. This sits alongside the legacy municipal and not-for-profit funds under Greg Shlionsky’s broader portfolio management.