Artisan Partners Asset Management Inc. (NYSE: APAM)

Artisan Partners Asset Management is a global multi‑asset investment platform that provides active investment strategies to sophisticated clients worldwide. The firm organizes its investment talent into autonomous teams, each employing its own philosophy and process to manage a range of equity, fixed income and alternative strategies. This structure is designed to deliver attractive long‑term results while maintaining a disciplined approach to capacity management and risk.

The company generates revenue primarily from investment management fees, which are calculated as a percentage of clients’ assets under management. A smaller portion of revenue comes from performance fees or incentive allocations tied to benchmark‑relative returns. Fees are earned through separate accounts, pooled vehicles such as Artisan Funds and Artisan Global Funds, and other investment offerings, with the majority of assets managed in these vehicles.

The company operates through the following segments: Growth Team, Global Equity Team, U. S. Value Team, International Value Group, Global Value Team, Sustainable Emerging Markets Team, Credit Team, Developing World Team, Antero Peak Group, International Small‑Mid Team, and EMsights Capital Group.

• Growth Team: This team manages five growth‑oriented strategies including Global Opportunities, Global Discovery, U. S. Mid‑Cap Growth, U. S. Small‑Cap Growth and Franchise, focusing on equity selections across market capitalizations and styles.

• Global Equity Team: This team oversees the Global Equity strategy and the Non‑U. S. Growth strategy, providing international equity exposure through a concentrated, research‑driven approach.

• U. S. Value Team: This team manages the Value Equity, U. S. Mid‑Cap Value and Value Income strategies, seeking undervalued securities in the United States market.

• International Value Group: This group runs the International Value, International Explorer and Global Special Situations strategies, targeting value opportunities outside the United States.

• Global Value Team: This team administers the Global Value and Select Equity strategies, employing a global value philosophy across developed and emerging markets.

• Sustainable Emerging Markets Team: This team focuses on the Sustainable Emerging Markets strategy, integrating environmental, social and governance considerations into emerging market equity investments.

• Credit Team: This team handles the High Income, Credit Opportunities, Floating Rate and Custom Credit Solutions strategies, offering fixed income exposure across high yield, structured credit and floating rate instruments.

• Developing World Team: This team manages the Developing World strategy, concentrating on equity and debt opportunities in emerging markets with a focus on sustainable development themes.

• Antero Peak Group: This group runs the Antero Peak and Antero Peak Hedge strategies, providing long/short equity exposure with a focus on North American markets.

• International Small‑Mid Team: This team oversees the Non‑U. S. Small‑Mid Growth strategy, investing in small and mid‑cap companies outside the United States.

• EMsights Capital Group: This group manages the Global Unconstrained, Emerging Markets Debt Opportunities and Emerging Markets Local Opportunities strategies, delivering flexible fixed income and currency exposure in emerging markets.

Artisan Partners Asset Management holds a competitive position as an active investment manager distinguished by its autonomous team structure, performance‑based fee arrangements and broad range of strategies across asset classes. It competes with large asset managers such as BlackRock, Vanguard and State Street, as well as boutique firms and traditional financial intermediaries, while emphasizing its talent‑driven model, capacity‑management discipline and strong brand reputation among institutional investors.

The firm serves institutions and intermediaries that employ institutional‑like decision‑making processes, including pension plans, endowments, foundations, corporations, financial advisors, broker‑dealers and high net worth individuals. Clients access strategies through separate accounts, pooled funds such as Artisan Funds and Artisan Global Funds, and other investment vehicles, with assets diversified across geography and client type.