Deals

A Late Valentine’s Gift from Schroders and Nuveen

Documents shed light on how asset management tie-up came to be.

An entrance to the Schroders Plc headquarters building in the City of London, UK, on Thursday, Feb. 12, 2026. Nuveen is buying Schroders in a £9.9 billion ($13.5 billion) deal, creating one of the world’s largest active asset managers with nearly $2.5 trillion of assets.Photographer: Betty Laura Zapata/Bloomberg

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By Aaron Kirchfeld, Leonard Kehnscherper, and Crystal Tse

February 17, 2026 at 3:30 PM UTC

This article is for subscribers only.

Hi, it’s Aaron Kirchfeld, Leonard Kehnscherper and Crystal Tse in London, poring over some documents that reveal how Nuveen wooed Schroders. Also today, the stage gets set for a potential second bidding war for Warner Bros.

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