A subsidiary of the Principal Financial Group, Principal Global Investors, LLC, has agreed to sell a minority stake in Post Advisory Group, LLC, to Nippon Life Insurance Company.
Post is a manager of high-yield fixed income based in Santa Monica, California, with approximately $11.8 billion in assets under management and additional offices in New York and London. Nippon Life is a global financial services firm headquartered in Osaka with total assets of more than $600 billion.
The transaction is expected to close in the second quarter of 2013.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].