Brooklyn AI Morrison Foerster advised Brooklyn Artificial Intelligence (Brooklyn AI), a developer of technology for asset managers, in connection with its acquisition by Nuveen, a global investment leader and asset management arm of TIAA. Nuveen also acquired Brooklyn AI’s subsidiary, Brooklyn Investment Group, a leading multi-asset custom direct indexing provider. In acquiring Brooklyn AI, Nuveen aims to accelerate the integration of its alternatives and lifetime income capabilities into tax-advantaged offerings while continuing to serve clients via the licensing of Brooklyn AI’s proprietary technology. The strength of Nuveen’s wealth team, their relationships with advisors, investment capabilities, and culture, and our shared commitment to advancement make this the perfect fit as we expand our collaboration across additional asset classes.” Erkko Etula, CEO of Brooklyn Investment Group 8 Morrison Foerster
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