Artisan Partners to acquire Grandview, a $940M AUM platform

Rhea-AI Filing Summary

Artisan Partners Asset Management Inc. announced that a subsidiary has signed a definitive agreement to acquire 100% of Grandview Property Partners, LLC, a real estate private equity firm focused on middle market properties across the U.S. Grandview currently manages approximately $940 million of institutional assets. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions.

The purchase price consists of an upfront cash payment plus contingent cash payments based on capital raised in future Grandview-sponsored funds between the closing date and the seventh anniversary of closing. Artisan plans to fund the purchase using cash on hand and currently expects the deal to have an immaterial impact on its 2026 financial condition and operating results, while being mildly accretive to earnings per share after the final closing of Grandview’s next flagship closed-end draw down fund.

Insights

Equity analyst – asset and wealth management

Artisan is adding a $940M real estate platform with limited near-term earnings impact.

Artisan Partners is expanding into real estate private equity by acquiring Grandview Property Partners, which manages about $940,000,000 of institutional assets across U.S. middle market properties. The structure combines an upfront cash payment with contingent cash consideration tied to capital raised in future Grandview funds through the seventh anniversary of closing, aligning part of the price with long-term fundraising activity.

The company plans to use cash on hand, so no new equity or stated debt issuance is involved in this excerpt. Management states the acquisition is expected to have an immaterial impact on 2026 financial condition and operating results, implying that, relative to Artisan’s existing scale, the acquired platform is modest. They also indicate it is expected to be mildly accretive to earnings per share after the final closing of Grandview’s next flagship closed-end draw down fund, suggesting potential incremental earnings once that fund is fully raised.

Key uncertainties include execution on integrating Grandview, its future fundraising pace, and the general market environment for real estate strategies, all cited indirectly through risks such as adverse market conditions and the ability to successfully acquire and integrate Grandview. The company lists typical forward-looking risks, including possible loss of key professionals and regulatory or reputational challenges, so actual financial contribution will depend on how these factors evolve over time and on Grandview’s fundraising outcomes.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Artisan Partners Asset Management (APAM) announce?

Artisan Partners Asset Management Inc. reported that a subsidiary entered into a definitive purchase agreement to acquire 100% of the issued and outstanding equity interests of Grandview Property Partners, LLC, a real estate private equity firm focused on middle market properties across the United States.

How large is Grandview Property Partners, the firm APAM is acquiring?

Grandview Property Partners currently manages approximately $940 million of institutional assets, primarily through real estate strategies that originate, develop, acquire and manage middle market properties across the United States.

When is the Artisan Partners–Grandview acquisition expected to close?

The acquisition of Grandview by a subsidiary of Artisan Partners is expected to close in the first quarter of 2026, subject to customary closing conditions.

How will Artisan Partners fund the Grandview acquisition?

Artisan Partners intends to use cash on hand to pay the purchase price, which includes an upfront cash payment and contingent post-closing cash payments based on capital raised in future Grandview-sponsored funds over a period ending on the seventh anniversary of the closing date.

What is the expected financial impact of the Grandview acquisition on APAM?

Artisan Partners currently anticipates that the acquisition will have an immaterial impact on its 2026 financial condition and operating results. The company expects the transaction to be mildly accretive to earnings per share after the final closing of Grandview’s next flagship closed-end draw down fund.

What risks does Artisan Partners highlight related to the Grandview acquisition?

Artisan Partners notes that forward-looking statements are subject to risks and uncertainties, including the loss of key investment professionals or senior management, adverse market or economic conditions, poor performance of investment strategies, and its ability to successfully acquire and integrate Grandview Partners, as well as regulatory changes, operational or technical errors, reputational damage, and other factors described in its Form 10-K risk factors.

Where can investors find more details about APAM’s acquisition of Grandview?

Additional details are provided in a press release dated November 18, 2025, which is attached as Exhibit 99.1 to the report. The company’s periodic reports and other filings are also available on the SEC’s website at www.sec.gov.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/18/2025 - 08:59 AM Learn about SEC filing dates

0001517302false00015173022025-11-162025-11-16

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 16, 2025

Artisan Partners Asset Management Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-35826

45-0969585

(State or other jurisdiction of incorporation or organization)

(Commission file number)

(I.R.S. Employer Identification No.)

875 E. Wisconsin Avenue, Suite 800

Milwaukee, WI 53202

(Address of principal executive offices and zip code)

(414) 390-6100

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Class A common stock, par value $0.01 per share

APAM

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

                             Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

On November 16, 2025, a subsidiary of Artisan Partners Asset Management Inc. (the “Company”), entered into a definitive purchase agreement (the “Purchase Agreement”) to acquire 100% of the issued and outstanding equity interests of Grandview Property Partners, LLC ( “Grandview”), a real estate private equity firm specializing in originating, developing, acquiring and managing middle market properties across the United States. Grandview currently manages approximately $940 million of institutional assets. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions.

The purchase price includes an upfront cash payment and contingent post-closing payments, which are primarily calculated in accordance with a formula based on capital raised in future funds sponsored by Grandview between the closing date and the seventh anniversary of the closing date. The contingent consideration is payable in cash.

The Company intends to use cash-on-hand to pay the purchase price and currently anticipates that the acquisition will have an immaterial impact on the Company’s 2026 financial condition and operating results. The Company expects that the acquisition will be mildly accretive to earnings per share after the final closing of Grandview’s next flagship closed-end draw down fund.

A copy of the press release issued by the Company on November 18, 2025, announcing the transaction is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

Forward-Looking Statements

Certain statements in this release are “forward-looking statements” within the meaning of the federal securities laws. Statements regarding future events and our future performance, as well as management’s current expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements are only predictions based on current expectations and projections about future events. These forward-looking statements are subject to a number of risks and uncertainties, and there are important factors that could cause actual results, level of activity, performance, actions or achievements to differ materially from the results, level of activity, performance, actions or achievements expressed or implied by the forward-looking statements. While it is not possible to know and identify all such risks and factors, they include: the loss of key investment professionals or senior management, adverse market or economic conditions for whatever reason, poor performance of our investment strategies, our ability to successfully acquire and integrate Grandview Partners, change in the legislative and regulatory environment in which we operate, operational or technical errors or other matters that cause damage to our reputation, and other factors disclosed in the Company’s filings with the Securities and Exchange Commission, including those factors listed under the caption entitled “Risk Factors” in Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 25, 2025, as such factors may be updated from time to time. Our periodic and current reports are accessible on the SEC's website at www.sec.gov. Except as required by law, the Company undertakes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Item 9.01 Financial Statements and Exhibits

Exhibit Number						Description of Exhibit
99.1						Press Release dated November 18, 2025
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Artisan Partners Asset Management Inc.

Date: November 18, 2025

By:						/s/ Charles J. Daley, Jr.
Name:						Charles J. Daley, Jr.
Title:						Executive Vice President, Chief Financial Officer and Treasurer