CHICAGO, Jan. 2, 2018 /PRNewswire/ -- Aon, the
leading global professional services firm providing a broad range
of risk, retirement and health solutions, today announced it has
completed its acquisition of The Townsend Group (Townsend),
majority owned by Colony NorthStar, Inc. Townsend is a leading
provider of global investment management and advisory services
primarily focused on real estate and real assets.
"We are excited to welcome the Townsend organization into Aon
and further enhance our investment solutions in areas that are of
increasing importance to our clients," said Cary Grace, chief executive officer of Global
Retirement & Investment Solutions at Aon. "Working together,
our combined teams will continue to expand our capabilities and
expertise in alternative investments to create sophisticated and
transparent offerings that provide our clients with objective
advice and solutions."
Aon is currently one of the top three outsourced chief
investment officer (OCIO) providers in the world measured by global
assets under management.1,2 After the closing, Aon's
Investment organization, including Townsend, manages more than
$130 billion of worldwide assets
under management1,3 and has advised on more than
$240 billion4,5 of real
estate assets, confirming Aon's commitment to the alternative
investments space.
About Aon
Aon plc (NYSE:AON) is a leading global professional services
firm providing a broad range of risk, retirement and health
solutions. Our 50,000 colleagues in 120 countries empower results
for clients by using proprietary data and analytics to deliver
insights that reduce volatility and improve performance.
For further information on our capabilities and to learn how we
empower results for clients, please visit
http://aon.mediaroom.com.
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Aon Media Contact:
Maurissa
Kanter
maurissa.kanter@aon.com
+1.847.442.0952
1As of 9/30/17, $118 B
in global assets under management advised by AHIC ($89.9 B) and its global advisory affiliates.
2 Pension & Investments, 2017 Investment
Outsourcing Survey, 68 firms participated in the survey. The
rankings are based on the industry data reported by Pensions &
Investments as of 03/31/2017. The rankings are based on the
worldwide assets under management in investment outsourcing
programs reported by each advisor who supplied data to Pensions
& Investments. As of 3/31/2017, Aon's global asset under
management was approximately $102.9
billion. Assets under management is calculated based
on assets in which Aon has full discretion. The survey does not
report on any undisclosed facts about any of the advisors who
participated in the survey that could call into question the
validity of the underlying data. The survey does not state or imply
that the rankings represent the quality of advice provided by any
advisor who participated in the survey. The survey discloses the
complete list of advisors who participated in the survey. The data
may not represent any one client's experience because the data
reflects the cumulative asset growth across the entire sampling of
the clients of each advisor who participated in the survey. The
data is not indicative of the future performance of advisors who
participated in the survey. The survey was conducted by Pensions
& Investments. No advisor paid a fee to participate in the
survey.
3 As of June 30, 2017,
Townsend had assets under management of approximately $14.8 billion. When calculating assets under
management, Townsend aggregates net asset values and unfunded
commitments on a quarterly basis. Townsend relies on third parties
to provide asset valuations, which typically takes in excess of 90
days after the quarter end. Therefore, assets under management have
been calculated using June 30, 2017
figures where available but may also include March 31, 2017 figures. Assets under management
are calculated quarterly. Regulatory AUM is calculated annually and
available in our ADV or upon request.
4 As of June 30, 2017,
Townsend provided advisory services to clients who had real estate
allocations of approximately $167.1
billion. Advised assets includes real estate allocations as
reported by clients for whom Townsend provides multiple advisory
services—including strategic and underwriting advice for the entire
portfolio. Advised assets are based on totals reported by each
client to Townsend or derived from publicly available information.
Advised assets are calculated quarterly. Select clients report less
frequently than quarterly in which case Townsend rolls forward
prior quarter totals. The recent change in Advised Assets is due to
a change in the reporting of certain special projects.
5 As of June 30, 2017,
AHIC (U.S. only advised real estate assets) provided
non-discretionary advisory services to clients who had $76.3 billion in real estate allocations. AHIC
relies on third parties to provide asset valuations, which
typically takes in excess of 90 days after the quarter end.
Therefore, assets under management have been calculated using
June 30, 2017 figures where available
but may also include March 31, 2017
figures. Regulatory AUM is calculated annually and is available in
AHIC's ADV or upon request.
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SOURCE Aon plc