Portfolio Management Update for Artisan Partners Growth Team

Artisan Partners Asset Management Inc. (NYSE: APAM) announced today that Craigh Cepukenas will step down from portfolio management responsibilities at the end of the year. While Mr. Cepukenas will remain an active member of the Artisan Partners Growth Team in an advisory capacity as a managing director, he will no longer be responsible for portfolio management decisions after December 31, 2024.

Starting January 1, 2025, Co-Lead Portfolio Manager Jay Warner will become sole Lead Portfolio Manager on the Artisan U.S. Small-Cap Growth Strategy. Artisan Partners Growth Team Portfolio Managers Jim Hamel, Matt Kamm and Jason White will continue to lead the Artisan Global Opportunities, U.S. Mid-Cap Growth and Global Discovery Strategies, respectively.

The Growth team will maintain its highly collaborative approach, managing each of its portfolios according to the same investment philosophy and process that has been in place since the team’s inception.

Mr. Kamm explained, “Craigh has reached a stage in his life and career where it makes sense to reduce his involvement in day-to-day portfolio management activities. Meanwhile, Jay has added tremendous value for clients while consistently demonstrating the strong leadership and expertise needed to lead the U.S. Small-Cap Growth portfolio.”

Artisan Partners President Jason Gottlieb added, “Since joining the firm in 1995, Craigh has contributed to delivering solid long-term results for clients; he also has developed investment talent and embodied the Growth team’s culture. We have full confidence in Jay’s ability to continue the outstanding work that has defined the Growth team for decades.”

About Artisan Partners Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.

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Artisan Partners Limited Partnership (APLP) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Artisan Partners UK LLP (APUK) is authorized and regulated by the Financial Conduct Authority and is a registered investment adviser with the SEC. APEL Financial Distribution Services Limited (AP Europe) is regulated by the Central Bank of Ireland. APLP, APUK and AP Europe are collectively, with their parent company and affiliates, referred to as Artisan Partners herein.

This announcement is for information purposes only and does not constitute an offer, an invitation or a solicitation for investment or subscription for shares of funds or investment services in any country. Any person who is in possession of this material is hereby notified that no action has or will be taken that would allow an offering of any Artisan Partners product or service unless in compliance with local regulations. Neither this announcement nor any other material relative to this announcement have been submitted to any local regulatory authority for prior review or approval. This material is intended for the recipient’s information and use only and may not be distributed or made available (in whole or in part) in any local jurisdiction, directly or indirectly, except as permitted by local law and regulation.

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