Mairs & Power Growth Fund Rebranded to Its Original Title: Mairs & Power Fund
which mandates that fund names better represent the management of their portfolios. Importantly, this renaming process does not alter the mutual fund’s investment goal, philosophy, or its disciplined process of investment.
The Mairs & Power Fund has been recognized for its principled investment strategy which focuses on identifying companies that exhibit robust growth potential. However, its approach is comprehensive and not limited to a singular investment style—a point that the firm emphasizes with this reversion to the previous name. The fund continues to operate on a multi-cap investment strategy, prioritizing growth at reasonable prices while employing rigorous valuation metrics to balance risks and expected returns.
Andrew R. (Andy) Adams, the Chief Investment Officer at Mairs & Power, stated, "Returning to the original name reflects both the Fund's heritage and long-standing investment philosophy that has guided our approach for decades." The name change aims to retain management flexibility while ensuring adherence to regulatory standards.
The rebranding is accompanied by updates to the portfolio management team, as part of an ongoing plan for succession. Effective June 30, 2026, Peter (Pete) J. Johnson will step into the lead manager role for the Mairs & Power Fund, with Adams transitioning to a co-manager position. This leadership shift marks an important chapter in the fund’s management, where additional backing will come from Christopher D. (Chris) Strom, who will also join as a co-manager.
Robert W. (Rob) Mairs, CEO and Chair of Mairs & Power, expressed confidence in Pete's capabilities. "Pete has made significant contributions to the Mairs & Power Fund since he joined the firm in 2010; first as an analyst, and now as a co-manager," he noted, assuring shareholders of positive continuity with the new leadership.
Established on November 11, 1958, the Mairs & Power Fund was among the first 100 mutual funds in the U.S. The fund underwent a name change to Mairs & Power Growth Fund in 1962. Throughout its extensive history, the fund has consistently adhered to a disciplined, bottom-up investment philosophy aimed at pinpointing high-quality companies with stable competitive edges and promising growth trajectories—purchased at judicious valuations.
Today, Mairs & Power stands as the oldest investment company in Minnesota, established in 1931 and continuing to operate under the same private ownership and management. Currently, the firm oversees assets surpassing $11.5 billion spread across individually managed accounts as well as their trio of mutual funds: the Mairs & Power Fund, the Mairs & Power Balanced Fund, and the Mairs & Power Small Cap Fund, alongside other investment vehicles including an Exchange Traded Fund and venture capital.
As Mairs & Power prepares for this transition, they remain firmly focused on their mission of excellent investment stewardship, aiming to deliver sustained value for their shareholders. The reversion to the original name thereby symbolizes not only respect for the company’s legacy but also a commitment to robust investment principles that will continue to guide its future endeavors. For more detailed information about investments and objectives, interested parties are encouraged to consult with shareholder services or visit the firm’s website for insights into fund specifics, including associated risks and costs, prior to making investment decisions.
The Mairs & Power Fund has been recognized for its principled investment strategy which focuses on identifying companies that exhibit robust growth potential. However, its approach is comprehensive and not limited to a singular investment style—a point that the firm emphasizes with this reversion to the previous name. The fund continues to operate on a multi-cap investment strategy, prioritizing growth at reasonable prices while employing rigorous valuation metrics to balance risks and expected returns.
Andrew R. (Andy) Adams, the Chief Investment Officer at Mairs & Power, stated, "Returning to the original name reflects both the Fund's heritage and long-standing investment philosophy that has guided our approach for decades." The name change aims to retain management flexibility while ensuring adherence to regulatory standards.
What’s Changing?
The rebranding is accompanied by updates to the portfolio management team, as part of an ongoing plan for succession. Effective June 30, 2026, Peter (Pete) J. Johnson will step into the lead manager role for the Mairs & Power Fund, with Adams transitioning to a co-manager position. This leadership shift marks an important chapter in the fund’s management, where additional backing will come from Christopher D. (Chris) Strom, who will also join as a co-manager.
Robert W. (Rob) Mairs, CEO and Chair of Mairs & Power, expressed confidence in Pete's capabilities. "Pete has made significant contributions to the Mairs & Power Fund since he joined the firm in 2010; first as an analyst, and now as a co-manager," he noted, assuring shareholders of positive continuity with the new leadership.
Historical Background
Established on November 11, 1958, the Mairs & Power Fund was among the first 100 mutual funds in the U.S. The fund underwent a name change to Mairs & Power Growth Fund in 1962. Throughout its extensive history, the fund has consistently adhered to a disciplined, bottom-up investment philosophy aimed at pinpointing high-quality companies with stable competitive edges and promising growth trajectories—purchased at judicious valuations.
Today, Mairs & Power stands as the oldest investment company in Minnesota, established in 1931 and continuing to operate under the same private ownership and management. Currently, the firm oversees assets surpassing $11.5 billion spread across individually managed accounts as well as their trio of mutual funds: the Mairs & Power Fund, the Mairs & Power Balanced Fund, and the Mairs & Power Small Cap Fund, alongside other investment vehicles including an Exchange Traded Fund and venture capital.
Conclusion
As Mairs & Power prepares for this transition, they remain firmly focused on their mission of excellent investment stewardship, aiming to deliver sustained value for their shareholders. The reversion to the original name thereby symbolizes not only respect for the company’s legacy but also a commitment to robust investment principles that will continue to guide its future endeavors. For more detailed information about investments and objectives, interested parties are encouraged to consult with shareholder services or visit the firm’s website for insights into fund specifics, including associated risks and costs, prior to making investment decisions.
Topics Financial Services & Investing）
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