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MILWAUKEE - Artisan Partners Asset Management Inc. (NYSE:APAM) announced Tuesday it has entered into a definitive agreement to acquire Grandview Property Partners, a real estate private equity firm specializing in middle market properties across the United States. The move comes as Artisan, which InvestingPro data shows has maintained dividend payments for 13 consecutive years, looks to diversify its investment offerings.
The acquisition will add approximately $940 million in institutional assets to Artisan's platform, which currently manages about $182.6 billion in assets as of October 31, 2025. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions. Artisan's stock currently trades at a P/E ratio of 11.08, and according to InvestingPro analysis, appears undervalued based on its Fair Value assessment.
Grandview, founded in 2019 as a spinout from a predecessor firm, is led by founding partners Raj Menon, Dean Sotter, Eric Freeman and Jeff Usas, who have worked together for an average of 22 years. Since 2002, the team has acquired or developed more than $2.8 billion in gross investments and sold more than $3.3 billion in properties.
"The acquisition marks a significant advancement in our strategic expansion into alternative investments, establishing a foundation in private real estate," said Jason Gottlieb, CEO and President of Artisan, in the press release statement.
According to the announcement, Grandview will maintain its investment autonomy while benefiting from Artisan's distribution capabilities. The firm currently manages three discretionary closed-end draw-down funds and a co-investment program.
Artisan expects the acquisition to be mildly accretive to earnings per share after the final closing of Grandview's next flagship closed-end draw-down fund.
Artisan Partners was advised by Broadhaven Capital Partners and Hodes Weill & Associates for the transaction, while Grandview Partners was represented by Polsinelli Law Firm.
In other recent news, Artisan Partners Asset Management Inc. reported earnings for the third quarter of 2025 that exceeded expectations. The company achieved earnings per share (EPS) of $1.02, surpassing the forecasted $0.96. This represents a 6.25% earnings surprise, which was complemented by a slight revenue beat. These positive results have contributed to a favorable perception of the company's performance among investors. The announcement of these earnings figures reflects the firm's strong financial standing in the recent quarter. Additionally, there have been no reports of mergers or acquisitions involving Artisan Partners. Analysts have not issued any new upgrades or downgrades for the company following the earnings release. These developments are part of the latest updates concerning Artisan Partners Asset Management Inc.
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