One of the nation's largest independent investment advisors, based in Philadelphia. After acquiring the firm with management, Castle Harlan pursued a successful strategy of globalization, initiating an international money management operation and increasing total assets under management from $16.6 billion in 1988 to more than $26.0 billion in 1995. The company's first closed-end fund was listed on the New York Stock Exchange in 1993. Under Castle Harlan's stewardship, Delaware opened a London office that grew rapidly as an international equity and fixed income manager. In 1995, Castle Harlan completed the sale of Delaware Management Holdings to Lincoln National Corporation of Fort Wayne, Indiana, in a transaction valued at $540 million.