The Robeco Group has acquired New York-based US asset manager Weiss, Peck & Greer (WPG) for $375m up front, plus a total amount of up to $200m over the next five years, de-pending on future WPG profits.

WPG has over Dfl32bn ($15.8bn) assets under management boosting Robeco's total assets to around Dfl170bn. The move will allow the Robeco group entry to the US institutional market.