Nuveen Snaps Up Investment Boutique

Nuveen Investments has announced an agreement to acquire Winslow Capital Management.

The Minneapolis-based investment manager, with more than $4 billion of assets under management and advisement, specializes in managing large cap growth stock portfolios for institutions and high net worth investors. The transaction is expected to close by the end of the year.

Winslow Capital Management, founded in 1992 in Minneapolis, Minnesota, is recognized for its large cap growth investment expertise, according to the firm. Winslow’s objective is to construct portfolios that “meaningfully outperform the Russell 1000 Growth Index.’

Winslow’s investment team will continue to operate independently, and Winslow expects to enhance its large cap growth investment platform over time, drawing upon the strength of Nuveen Investments’ existing operations, distribution and other resources, according to the firm. Winslow’s key professionals will have long-term employment agreements in addition to equity-based incentives that “align their interests with those of Winslow’s current clients as well as Nuveen,’ according to an announcement.

Other Specialities

According to the announcement, Winslow’s investment approach complements the expertise offered through Nuveen Investments’ existing growth equity managers, Santa Barbara Asset Management and Rittenhouse Asset Management. Nuveen Investments also offers specialized expertise through:

  • NWQ in value equities
  • Nuveen Asset Management in taxable and municipal fixed-income;
  • Tradewinds in international and global equities
  • HydePark in enhanced equity strategies
  • Symphony in alternative investments as well as traditional equity and credit-based strategies.

The press release notes that the addition of Winslow reinforces Nuveen Investments’ commitment to provide investors access to a broad range of high-quality investment managers that specialize in distinct styles of investing with their own unique investment processes and proven long-term performance records. Winslow Capital’s portfolios focus on large cap growth stocks that demonstrate long-term sustainable earnings growth potential, quality cyclical growth, and newer industries with rapid growth potential.

“We are pleased to welcome Winslow Capital and look forward to continuing their high levels of client service and investment performance,’ said John Amboian, Nuveen Investments Chairman and CEO. “Winslow has a very strong reputation and record. They share our values and our philosophy of providing consistent, high-quality service with a strong orientation toward risk management. The addition of Winslow Capital will strengthen our ability to best meet the long-term financial needs of high-net-worth and institutional investors.’