Goldman Sachs acquires NN Investment Partners for €1.7bn

Written by Adam Cadle

11/04/2022

Goldman Sachs has acquired NN Investment Partners from NN Group N.V. for €1.7bn.

NN Investment Partners will be integrated into Goldman Sachs Asset Management with the company’s more than 900 employees joining the Goldman Sachs family and the Netherlands becoming an important location in Goldman Sachs’ European business and a centre of excellence for sustainability in public markets investing.

The acquisition brings Goldman Sachs’ assets under supervision to approximately $2.8trn and affirms its position as a top five active asset manager globally with leading franchises in fixed income, liquidity, equities, alternatives and insurance asset management. It also brings assets under supervision in Europe to over $600bn, aligning with the firm’s strategic objectives to scale its European business and extend its global reach.

The combination further strengthens its platform and provides an expanded product range and dedicated service to clients globally, bringing together the best of both organisations to deliver investment solutions at scale, across all asset classes.

"NN Investment Partners is highly complementary to Goldman Sachs Asset Management’s existing European footprint, adding new capabilities and accelerating growth in products such as European equity and investment grade credit, sustainable and impact equity, and green bonds," a statement on Goldman Sachs Asset Management's website said.

NN Investment Partners has been successful in incorporating Environmental, Social and Governance (ESG) factors across its product range, with ESG criteria integrated into approximately 90% of assets under supervision. Over time, Goldman Sachs Asset Management intends to leverage the expertise of NN Investment Partners to complement its existing investment processes, helping the firm to deepen ESG integration across its product range and deliver on clients’ sustainable investing priorities.

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