Nikko Asset Management intends to acquire a minority stake in Osmosis Investment Management, a spokeswoman confirmed.
Terms of the deal, which is non-binding, were not disclosed.
As part of the deal, Nikko will be given distribution rights for Osmosis' investment strategies in the Asia-Pacific region, excluding Australia. Osmosis has $14 billion in assets under management.
"Through Nikko AM's established distribution networks, we look forward to raising awareness of our unique investment approach, which targets better risk-adjusted returns while significantly reducing the ownership of carbon, water and waste in the Asia region," Osmosis CEO Ben Dear said in a news release.
Stefanie Drews, Nikko's president, added in the news release: "We are delighted to be able to enter into partnership with a company of such exceptional credentials in the sustainable investment space. Osmosis is truly unique, with an innovative approach that has proven itself over the years. In addition, Osmosis makes for a strong cultural fit, and therefore a perfect partner with whom we look to grow together."
Nikko Asset Management has $209.4 billion in assets under management.
