Van Lanschot Kempen has launched a strategic review of its $11.5 billion liquid funds unit as the Dutch wealth manager explores options to strengthen its asset management platform. The firm is working with advisers to evaluate potential partnerships or tie-ups with other firms, according to sources cited by Bloomberg. The review aims to enhance the company's listed investment strategies.

This move comes as the firm's investment management division oversees $93.5 billion in assets, having grown modestly over the past year. The liquid funds unit faced challenges in 2025, including $2 billion in net outflows following the closure of a sustainable equity strategy. The process remains at an early stage, with no certainty that a transaction will occur.

European asset managers are increasingly pursuing consolidation strategies to compete with larger US peers and address fee pressure from passive investment products. Van Lanschot Kempen has already partnered with State Street to develop new investment products. The strategic review reflects broader industry efforts to scale operations and adapt to shifting competitive dynamics in the global investment landscape.