Kenneth Lee's questions to Artisan Partners Asset Management Inc (APAM) leadership • Q2 2025
Question
Kenneth Lee from RBC Capital Markets asked for details on plans to expand the 'degrees of freedom' for the credit franchise, the pipeline for new credit products, and the outlook for seed capital needs and the annual payout ratio.
Answer
CEO Jason Gottlieb mentioned evaluating structures to access private markets with the existing credit team and potentially launching a private fund for the M Sites global unconstrained strategy. CFO C.J. Daley stated the firm is well-positioned with its $140 million seed capital book and expects to redeem some capital over the next 12-18 months. He noted the firm has debt capacity for M&A but feels well-capitalized for current needs.