Robeco today closed its deal with Boston Partners Asset Management, acquiring a 60% stake in the money management firm. Terms of the deal, which was announced in July, were not disclosed. Robeco and Boston Partners, along with Weiss Peck & Greer and Sage Capital Management, which Robeco acquired earlier this year, form Robeco USA, the U.S. institutional arm of the Rotterdam-based firm.
Nassos Michas, CEO of Weiss, Peck & Greer, also will be CEO of Robeco USA. Mike Jones, COO at Boston Partners, will head the integrated sales activities. Boston Partners was established in 1995 and has $9 billion in assets under management. Each unit will continue to operate as separate firms.