The combined group will have $2.5tn in assets, while for Nuveen this will mark the first time its group has included a dedicated specialist ILS manager
Schroders to be acquired by Nuveen, brand to remain | | | Nuveen to acquire Schroders for ~£9.9bn, creating $2.5tn asset group. Brand to be retained  This morning it has been announced that Nuveen, a US asset manager subsidiary of TIAA, is set to acquire Schroders for around £9.9 billion, creating a significant global group with around US $2.5 trillion of assets under management, but notably for our market with the Schroders brand to be retained. Schroders is a very well-known name in insurance-linked securities, with the ILS team within its Schroders Capital private assets unit one of the longest-standing and largest ILS managers in the space. In becoming part of a private asset management and alternatives group of $440m, once acquired by Nuveen, the Schroders Capital ILS team will be part of a meaningfully larger entity, with deeper capital pools, investor connections and resources available. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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