The Bessemer Group, Incorporated is a private investment firm that manages more than $100 billion of assets. The company was founded in 1911 by Henry Phipps, a partner of Andrew Carnegie, and has been managed by the Phipps family ever since. Bessemer provides wealth management, investment advisory, and other financial services to high net worth individuals, families, and institutions. The firm has offices in New York, Silicon Valley, Boston, and Los Angeles.