On November 23, 2021, Voya Investment Management announced that it will acquire Tygh Capital Management’s investment advisory business and certain other assets.
Under the terms of the transaction, Voya Investment Management (“Voya”) will acquire Tygh Capital Management’s (“Tygh”) investment advisory business and certain other assets. As part of the transaction, Richard Johnson will join Voya as CEO and CIO, Jeff Curtis will join as president and CFO, Michael Coyne will join as portfolio manager and CFA, Scott Haugan will join as portfolio manager and CFA, and Mitchell Brivic will join as portfolio manager and CFA. Additionally, the TCM Small Cap Growth Fund, managed by Tygh, will be reorganized as a new mutual fund, Voya Small Cap Growth, in the second quarter of 2022, subject to shareholder approval. The transaction is expected to close in the first quarter of 2022. Further terms of the transaction were not disclosed.
Voya, headquartered in New York, New York is an asset management firm providing services to individual investors and institutions. As of September 30, 2021, Voya had approximately $230 billion in assets under management.
Tygh, based in Portland, Oregon, is an investment advisory business providing small-cap and mid-cap growth investing services to retail and individual investors. As of October 31, 2021, Tygh had approximately $520 million in assets under management.
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