Artisan Partners to Close US Value Team After $5.7 Billion Mandate Exit
Platform Contraction
Company Background
Artisan Partners Asset Management is a Milwaukee-based multi-asset investment firm managing $183.4 billion in assets across thirteen autonomous investment teams. Founded in 1994, the firm operates a decentralized model in which portfolio managers run independent investment franchises covering equities, fixed income, and alternatives, with strategies distributed through institutional separate accounts and Artisan-branded mutual funds.
Artisan has been navigating persistent outflows from its equity franchises alongside deliberate growth in credit and alternatives. Full-year 2025 revenues reached $1.2 billion, and first-quarter 2026 revenues of $303 million were 9% higher than the prior-year period. Management acknowledged in the Q1 2026 earnings release that 'pressure on equity flows' was expected to persist, citing clients de-risking, reallocating after periods of outperformance, and shifting to passive alternatives. The firm closed its acquisition of Grandview Property Partners, a private real estate manager with approximately $940 million in AUM, in January 2026.
The US Value team was one of Artisan's longer-tenured franchises, managing three equity strategies — Value Equity (inception July 2005), U.S. Mid-Cap Value (inception April 1999), and the much smaller Value Income (inception March 2022) — predominantly through separate accounts. At March 31, 2026, the team's combined AUM stood at approximately $7.5 billion.
What Was Disclosed
The termination of a U.S. sub-advisory mandate in June 2026 produced approximately $5.7 billion in net outflows from the Value Equity strategy. As a direct result, Artisan has commenced an orderly wind-down of all US Value team strategies, with the process expected to continue throughout the third quarter of 2026. The disclosure appeared as footnote 3 attached to the US Value team row in the AUM strategy breakdown table of a routine monthly preliminary AUM press release.