Artisan Partners has entered into a definitive agreement to acquire real estate private equity firm Grandview Property Partners, the firm announced today.
Grandview has raised three discretionary closed-end drawdown funds and currently manages $940 million in institutional assets across its flagship fund series and co-investment program.
The acquisition aligns with Artisan’s record of expanding its investment capabilities across equities, credit and alternative asset classes through the addition of differentiated strategies, the firm said.
“We are excited to welcome Grandview onto our global multi-asset investment platform. The acquisition marks a significant advancement in our strategic expansion into alternative investments, establishing a foundation in private real estate and creating new pathways for growth. Together, we will unlock new market opportunities and diversify our sources of long-term value creation for clients, associates and shareholders,†Artisan President and CEO Jason Gottlieb said, in a statement.
“We found an ideal home at Artisan, whose powerful brand, institutional caliber and global distribution scale amplify our investment capabilities. As part of the Artisan multi-asset investment platform, Grandview will maintain full investment autonomy to deliver value-added outcomes for our limited partners in a distraction-free environment,†Grandview CEO Raj Menon added, in a statement.
The transaction is expected to close in the first quarter and is subject to customary closing conditions.
Artisan has approximately $182.6 billion in assets under management as of Oct. 31, the firm said.
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