Artisan files for IPO

Milwaukee-based company Artisan Partners Asset Management Inc. has filed for a $250 million proposed initial public offering of Class A common stock.

The company’s primary operating entity following the IPO will be Artisan Partners Limited Partnership, an investment management firm that focuses on a global client base. The firm will cover 12 investment strategies using five autonomous investment teams.

Artisan has principal offices in Milwaukee, San Francisco, Atlanta, New York and London. It was founded in 1994 and has 276 associates.

The company filed for an IPO last year, but withdrew it on December 29.

Artisan had $69.8 billion in assets under management at the end of September. The registration has been filed with the Securities and Exchange Commission but has not yet become effective.

According to the SEC filing “Through June 30, 2012, 11 of our 12 investment strategies (comprising 96% of our assets under management) had outperformed their respective benchmarks, on a gross and net basis, since inception, with inception dates ranging from April 1, 1995 for our U.S. Small-Cap Growth strategy to April 1, 2010 for our Global Equity strategy. … The combination of our superior investment performance and our strong business management has allowed us to attract and retain a diverse base of clients across a range of distribution channels and to increase our assets under management over time. Our assets under management have increased from $15.6 billion as of December 31, 2001 to $64.1 billion as of June 30, 2012, representing a compound annual growth rate, or CAGR, of 14.4%.”

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