is staying on the hunt for more teams and acquisition targets, but he says he has the time to be selective.
"We're not in a hurry. I meet with two or three teams a week — so 150 teams a year — and we'll add two," Walker, head of New York City-based Neuberger Berman
], tells the Financial Times
. "What I care first, second and third about is that they're great investors and are going to deliver for our clients."
Walker puts his measured M&A pace in the context of Neuberger's ownership structure: about 535 of its employees collectively own 100 percent of the company. The firm has $295 billion in AUM and more than 1,900 employees across 31 cities.
For avid Neuberger watchers, the FT
interview offers other tidbits: Walker walking his kids to school through the West Village and bumping into BlackRock chief Larry Fink; Walker talking about shareholder activism in the context of active vs passive; Walker's family tree; Neuberger's history under Walker; and more.
Neil Anderson, Managing Editor
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