Brooklyn AI Set for Acquisition by Nuveen
Deal News | Jun 18, 2025 | Morrison Foerster
Brooklyn Artificial Intelligence, Inc. (Brooklyn AI) is set to be acquired by Nuveen, a global asset manager. This acquisition includes Brooklyn AI's subsidiary, Brooklyn Investment Group, which is recognized as a leading provider in multi-asset custom direct indexing. Morrison Foerster (MoFo) is advising Brooklyn AI on this transaction, with their team led by M&A partner Scott Behar, along with emerging companies and venture capital partners Frank Paz and Peter Fusco.
Sectors
- Artificial Intelligence
- Asset Management
- Financial Services
Geography
- United States – Brooklyn AI, Morrison Foerster, and Nuveen are based in the United States, making it the primary geography for this transaction.
Industry
- Artificial Intelligence – Brooklyn AI operates within the artificial intelligence sector, developing technologies and solutions pertinent to AI advancement.
- Asset Management – Nuveen, the acquiring firm, is a global asset manager, which places this transaction in the asset management industry.
- Financial Services – The transaction involves the acquisition of Brooklyn Investment Group, highlighting the financial services aspect of the deal.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Brooklyn Artificial Intelligence, Inc. | Target company | Company | Brooklyn AI is the company being acquired by Nuveen. |
| Nuveen | Buyer | Company | Nuveen is a global asset manager acquiring Brooklyn AI. |
| Brooklyn Investment Group | Subsidiary | Company | Brooklyn Investment Group is a subsidiary of Brooklyn AI, involved in custom direct indexing. |
| Morrison Foerster | Legal advisor | Company | Morrison Foerster is providing legal advice to Brooklyn AI for the acquisition. |
| Scott Behar | M&A Partner | Person | Scott Behar is a partner at Morrison Foerster leading the advising team for Brooklyn AI. |
| Frank Paz | Emerging Companies + Venture Capital Partner | Person | Frank Paz is a partner at Morrison Foerster advising on the transaction. |
| Peter Fusco | Emerging Companies + Venture Capital Partner | Person | Peter Fusco is a partner at Morrison Foerster advising on the transaction. |