Jupiter has completed its previously announced transaction to acquire a minority stake in and enter into a strategic relationship with NZS Capital, a US-based investment firm.
As part of this partnership, Jupiter has been appointed as the exclusive distributor of NZS's global growth unconstrained-styled investment portfolios, and Minesh Patel, Jupiter's head of Strategy and Corporate Development, will be appointed to the board of NZS Capital.
NZS Capital was co-founded by fund managers Brad Slingerlend and Brinton Johns who worked together for 14 years at Janus Capital prior to setting up on their own.
As the exclusive distributor of NZS's global growth unconstrained-styled investment portfolios, Jupiter's initial priority will be to introduce NZS to institutional investors, including those in the US where Jupiter plans to have dedicated sales resource for the first time. There are also plans for product launches that will enable retail investors to access NZS Capital in due course.
Andrew Formica, CEO, Jupiter commented: "We are really pleased to confirm this partnership with NZS, an important step for Jupiter as we expand our distribution into the US institutional market, a key strategic priority for us as a company.
"We look forward to working closely with Slingerlend and John to develop products which offer our clients a differentiated approach to meeting their financial goals."