Transamerica Investment Management will acquire growth equity manager Westcap Investors, said Elizabeth Grice, Transamerica spokeswoman. Terms of the deal, expected to close this summer, were not disclosed. Transamerica and Westcap's Los Angeles-based investment operations will be combined. Transamerica, which has $22 billion in assets under management, will maintain its operations in Dayton, Ohio, and Denver. Westcap manages $3 billion in assets for pension funds, profit-sharing plans, unions, foundations, endowments, individuals and trusts. "I look forward to integrating our growth equity teams and adding even more depth to TIM's research capabilities," Gary Rolle, Transamerica Investment's CIO, said in a news release.