NN Investment Partners (also known as NN IP) is a Netherlands-based
asset manager, with headquarters in
The Hague
The Hague ( ; nl, Den Haag or ) is a city and municipality of the Netherlands, situated on the west coast facing the North Sea. The Hague is the country's administrative centre and its seat of government, and while the official capital ...
and offices in 15 countries in Europe, Asia and the Americas. The company is a wholly owned subsidiary of
Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Hon ...
. NN IP is an
active manager for institutional and wholesale investors around the world. It manages €287 billion in assets for clients,
integrating
Environmental, social and corporate governance (ESG) criteria throughout the investment process for the majority of its strategies. NN IP is globally ranked as the 87th biggest asset management firm and the third biggest Dutch asset manager. NN IP offers its services to
pension funds
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.
Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...
,
insurers
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
,
family offices
A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with at least $50-$100 million in investable assets, with the goal being to effectively grow and transfer w ...
, 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. which was completed in 2022.
History
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
The ING Group ( nl, ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale bankin ...
. In the aftermath of the 2008 financial crisis, ING was required to divest its insurance activities and the asset management division. NN Group, the combination of the two businesses, was listed on
Euronext Amsterdam
Euronext Amsterdam is a stock exchange based in Amsterdam, the Netherlands. Formerly known as the Amsterdam Stock Exchange, it merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext. The re ...
in 2014. The following year, ING Investment Management was rebranded as NN Investment Partners.
In 2022
Goldman Sachs Group, Inc acquired NN Investment Partners from NN Group N.V. for €1.7 billion.
Responsible Investment Policy
In 2019, NN IP published its first Responsible Investing Report,
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.
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
The Roundtable on Sustainable Palm Oil (RSPO) was established in 2004 with the objective of promoting the growth and use of sustainable palm oil products through global standards and multistakeholder governance. The seat of the association is i ...
(RSPO).
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.
Assets under management
* EUR 287 billion (as of 30 September 2019)
* ESG (
Environmental, social and corporate governance
ESG (environmental, social, and corporate governance) data reflect the negative externalities (costs to others) caused by an organization with respect to the environment, to society and to corporate governance.
ESG data can be used by investor ...
) criteria are integrated throughout the investment process for EUR 176 billion of assets under management (AuM)
* Sustainable strategies: AuM EUR 17.4 billion
* Impact strategies (with positive contribution to the UN
Sustainable Development Goals
The Sustainable Development Goals (SDGs) or Global Goals are a collection of 17 interlinked objectives designed to serve as a "shared blueprint for peace and prosperity for people and the planet, now and into the future".United Nations (2017) R ...
): AuM EUR 1.9 billion
References
{{Major asset management companies
Companies based in The Hague
Dutch brands
Investment management companies of the Netherlands
2022 mergers and acquisitions
Goldman Sachs
Financial services companies established in 1994
Dutch companies established in 1994