NN Investment Partners (also known as NN IP) was a Netherlands-based asset manager, with headquarters in The Hague and offices in 15 countries in Europe, Asia and the Americas. The company was acquired by Goldman Sachs Asset Management, the asset management division of Goldman Sachs in April 2022.
NN IP was an active manager for institutional and wholesale investors around the world. It managed €287 billion in assets for clients,[1] integrating Environmental, social and corporate governance (ESG) criteria throughout the investment process for the majority of its strategies. NN IP was globally ranked as the 87th biggest asset management firm [2] and the third biggest Dutch asset manager.[3] NN IP offered its services to pension funds, insurers, family offices, independent financial advisers, banks and private individuals; in addition to managing the assets of the NN Group.
On the 19th of August 2021 NN announced an agreement to sell its asset manager NN Investment Partners (NN IP) to Goldman Sachs Group, Inc. [4] which was completed in 2022.
The company was created under the name of ING Investment Management in 1994, when parent company NN Group was part of bank and insurance company ING Group. In the aftermath of the 2008 financial crisis, ING was required to divest its insurance activities and the asset management division.[5] NN Group, the combination of the two businesses, was listed on Euronext Amsterdam in 2014.[6] The following year, ING Investment Management was rebranded as NN Investment Partners.[7]
On 6 March 2023, the legal entity NN Investment Partners B.V. ceased to exist and became Goldman Sachs Asset Management.
Responsible Investment Policyedit
In 2019, NN IP published its first Responsible Investing Report,[9] in which it provides insights into how it integrates environmental, social and governance (ESG) criteria into its investment processes. According to the report a set of ESG criteria is applied to 67% of its total assets under management.[10]
NN IP generally pursues active engagement with potentially controversial companies to help them improve their ESG profiles. One example cited by NN IP is the palm oil industry. Engagements with several large plantation companies have resulted in progress on encouraging them to pursue a more sustainable policy. In 2019, NN IP became a member of the Roundtable on Sustainable Palm Oil (RSPO).[11]
In a limited number of cases, the company has divested it holdings in sectors deemed detrimental to society and/or the planet. Excluded business activities include adult entertainment, arctic drilling, fur & specialty leather, gambling, nuclear energy, shale oil & gas and weapons.[citation needed]
^"NN Group and Goldman Sachs reach agreement on the sale of NN IP". 19 August 2021.
^"State aid: Commission approves ING restructuring plan and illiquid asset back-up facility". European Commission - European Commission. Retrieved 19 December 2019.
^Kharpal, Arjun (2014-07-02). "ING floats NN Group in Europe's biggest 2014 IPO". Retrieved 2017-07-21.
^"ING Investment Management rebrands as NN Investment Partners". Citywire Global. Retrieved 2017-07-21.
^"Goldman Sachs Completes Acquisition of NN Investment Partners". Goldman Sachs. Retrieved 2022-04-11.
^"Responsible Investing Report 2018". NN Investment Partners. Retrieved 19 December 2019.
^ abcd"NN Investment Partners integrates stringent ESG criteria in the large majority of its AuM". Retrieved 2019-12-04.
^"Dutch investors Robeco, NN IP and Actiam speak out on sustainable palm oil". Duurzaam Financieel. 5 March 2019. Retrieved 19 December 2019.
External linksedit
Official website
Media related to NN Investment Partners at Wikimedia Commons
February 29, 2024
investment, partners, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, septe. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources NN Investment Partners news newspapers books scholar JSTOR September 2017 Learn how and when to remove this template message The topic of this article may not meet Wikipedia s notability guidelines for companies and organizations Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention If notability cannot be shown the article is likely to be merged redirected or deleted Find sources NN Investment Partners news newspapers books scholar JSTOR September 2017 Learn how and when to remove this template message NN Investment Partners also known as NN IP was a Netherlands based asset manager with headquarters in The Hague and offices in 15 countries in Europe Asia and the Americas The company was acquired by Goldman Sachs Asset Management the asset management division of Goldman Sachs in April 2022 NN Investment PartnersHaagse Poort in The HagueCompany typeDivisionIndustryAsset ManagementFounded1994 HeadquartersThe Hague NetherlandsKey peopleCo Chief Executive Officer Martijn Canisius and Gerald Cartigny CIO Valentijn van NieuwenhuijzenParentGoldman SachsWebsitennip comNN IP was an active manager for institutional and wholesale investors around the world It managed 287 billion in assets for clients 1 integrating Environmental social and corporate governance ESG criteria throughout the investment process for the majority of its strategies NN IP was globally ranked as the 87th biggest asset management firm 2 and the third biggest Dutch asset manager 3 NN IP offered its services to pension funds insurers family offices independent financial advisers banks and private individuals in addition to managing the assets of the NN Group On the 19th of August 2021 NN announced an agreement to sell its asset manager NN Investment Partners NN IP to Goldman Sachs Group Inc 4 which was completed in 2022 Contents 1 History 2 Responsible Investment Policy 3 Assets under management 4 References 5 External linksHistory edit nbsp ING brand used before 2015The company was created under the name of ING Investment Management in 1994 when parent company NN Group was part of bank and insurance company ING Group In the aftermath of the 2008 financial crisis ING was required to divest its insurance activities and the asset management division 5 NN Group the combination of the two businesses was listed on Euronext Amsterdam in 2014 6 The following year ING Investment Management was rebranded as NN Investment Partners 7 In 2022 Goldman Sachs Group Inc acquired NN Investment Partners from NN Group N V for 1 7 billion 8 On 6 March 2023 the legal entity NN Investment Partners B V ceased to exist and became Goldman Sachs Asset Management Responsible Investment Policy editIn 2019 NN IP published its first Responsible Investing Report 9 in which it provides insights into how it integrates environmental social and governance ESG criteria into its investment processes According to the report a set of ESG criteria is applied to 67 of its total assets under management 10 NN IP generally pursues active engagement with potentially controversial companies to help them improve their ESG profiles One example cited by NN IP is the palm oil industry Engagements with several large plantation companies have resulted in progress on encouraging them to pursue a more sustainable policy In 2019 NN IP became a member of the Roundtable on Sustainable Palm Oil RSPO 11 In a limited number of cases the company has divested it holdings in sectors deemed detrimental to society and or the planet Excluded business activities include adult entertainment arctic drilling fur amp specialty leather gambling nuclear energy shale oil amp gas and weapons citation needed Assets under management editEUR 287 billion as of 30 September 2019 1 ESG Environmental social and corporate governance criteria are integrated throughout the investment process for EUR 176 billion of assets under management AuM 10 Sustainable strategies AuM EUR 17 4 billion 10 Impact strategies with positive contribution to the UN Sustainable Development Goals AuM EUR 1 9 billion 10 References edit a b About NN Investment Partners Retrieved 2019 12 04 KennedyJune 2018 Liam Top 400 Asset Managers 2018 10 years of asset growth IPE a href Template Cite web html title Template Cite web cite web a CS1 maint numeric names authors list link Dutch asset manager tables 2018 Reference Hub NN Group and Goldman Sachs reach agreement on the sale of NN IP 19 August 2021 State aid Commission approves ING restructuring plan and illiquid asset back up facility European Commission European Commission Retrieved 19 December 2019 Kharpal Arjun 2014 07 02 ING floats NN Group in Europe s biggest 2014 IPO Retrieved 2017 07 21 ING Investment Management rebrands as NN Investment Partners Citywire Global Retrieved 2017 07 21 Goldman Sachs Completes Acquisition of NN Investment Partners Goldman Sachs Retrieved 2022 04 11 Responsible Investing Report 2018 NN Investment Partners Retrieved 19 December 2019 a b c d NN Investment Partners integrates stringent ESG criteria in the large majority of its AuM Retrieved 2019 12 04 Dutch investors Robeco NN IP and Actiam speak out on sustainable palm oil Duurzaam Financieel 5 March 2019 Retrieved 19 December 2019 External links editOfficial website nbsp nbsp Media related to NN Investment Partners at Wikimedia Commons Retrieved from https en wikipedia org w index php title NN Investment Partners amp oldid 1177786274, wikipedia, wiki, book, books, library,
