NN Investment Partners
| Company type | Subsidiary |
|---|---|
| Industry | Asset management |
| Founded | 1994 |
| Headquarters | The Hague , Netherlands |
Area served | Europe, Asia, Americas |
| Products | Asset management, responsible investment, ESG integration |
| Owner | Goldman Sachs Group, Inc. |
| Parent | Goldman Sachs Asset Management |
NN Investment Partners (NN IP), headquartered in The Hague, was a Dutch asset management firm with a presence in 15 countries spanning Europe, Asia, and the Americas. In April 2022, Goldman Sachs Asset Management completed its acquisition of NN IP, which oversaw €287 billion in assets for institutional and wholesale clients globally. The company incorporated Environmental, social and corporate governance (ESG) principles into the majority of its investment approaches. As the 87th largest asset manager worldwide and the third largest in the Netherlands, NN IP catered to pension funds, insurers, family offices, financial advisors, banks, private individuals, and was affiliated with the NN Group.
On 19 August 2021, NN Group revealed plans to sell NN IP to Goldman Sachs Group, Inc., with the deal finalized in 2022.
History
Established in 1994 under the name ING Investment Management during NN Group’s affiliation with ING Group, the firm underwent significant changes following the 2008 financial crisis when ING divested its insurance and asset management divisions. NN Group went public on Euronext Amsterdam in 2014, and a year later in 2015, ING Investment Management was renamed NN Investment Partners.
Goldman Sachs acquired NN IP from NN Group for €1.7 billion in 2022. Subsequently, on 6 March 2023, NN Investment Partners B.V. was formally merged into Goldman Sachs Asset Management.
Responsible Investment Policy
In 2019, NN IP released its inaugural Responsible Investing Report detailing how it integrates environmental, social, and governance (ESG) factors into its investment decision-making. ESG considerations are embedded in 67% of its total assets under management.
The firm proactively engages with companies facing ESG controversies to enhance their sustainability profiles. For instance, it has collaborated with major plantation firms in the palm oil industry to encourage responsible practices. That same year, NN IP became a member of the Roundtable on Sustainable Palm Oil (RSPO).
Where necessary, NN IP excludes investments in industries deemed detrimental to society or the environment. These exclusions cover sectors such as adult entertainment, arctic drilling, fur and specialty leather production, gambling, nuclear power, shale oil and gas extraction, and weapon manufacturing.
Assets under management
- €287 billion (as of 30 September 2019)
- ESG principles applied to €176 billion of assets under management
- Sustainable investment strategies accounting for €17.4 billion AuM
- Impact investments aligned with UN Sustainable Development Goals totaling €1.9 billion AuM