Robeco has acquired a 60% participating interest in Boston Partners Asset Management. Together with Weiss, Peck, and Greer (WPG) and Sage Capital Management, which was acquired earlier this year, Boston Partners will form Robeco USA. This transaction allows Robeco to offer a complete range of products for the US institutional market.
The companies’ institutional sales activities and customer relationship management will be integrated in the short-term. With this participating interest Robeco has successfully completed its acquisition strategy for the US institutional market.
The product range of Robeco USA will consist of growth and value equity investments, fixed-income investments and alternatives (such as hedge funds, funds of hedge funds, private equity and venture capital investments). WPG specializes in growth equities, fixed-income instruments, private equity, venture capital and hedge funds, Sage in funds of hedge funds and Boston Partners in value equities and fixed-income instruments. Robeco USA’s assets under management amount to approximately EUR 30 billion, some 30% of Robeco’s total assets under management.
Robeco’s product range for institutional clients will also be expanded at a global level as a result of these recent acquisitions. Robeco Alternative Investments (RAI) in Rotterdam and Sage will cooperate closely in selecting managers for Robeco’s global funds of hedge funds.
Boston Partners’s US value products will also be offered to clients outside the US in the near future. Robeco Asset Management (RAM) in Rotterdam is working with Boston Partners on a global value equity product for the European market.
(source: Robeco)
