Goldman Sachs pays €1.6b for NN Investment Partners

Goldman Sachs has agreed to acquire NN Investment Partners, a European asset manager based in the Netherlands, for €1.6 billion ($1.9 billion).

NN Investment Partners is a top-ranked ESG manager in Europe, and 75 percent of its assets under supervision are ESG-integrated. The company’s multi-asset team offers a broad range of investment strategies and services, including multi-asset outcome-oriented; multi-credit outcome-oriented; multi-asset benchmark-oriented and multi-asset sustainable, according to the firm’s website.

Within the multi-asset outcome-oriented category, NN Investment Partners focuses on globally diversified, benchmark-unaware strategies aiming for long-term capital growth and designed to actively respond to changing market environments. The investment universe consists of listed real estate, commodities, government bonds, global equities and corporate bonds.

As part of the agreement, Goldman Sachs Asset Management will enter into a long-t