Voya Investment Management

What Voya Investment Management does

Voya Investment Management is a privately held, active asset management firm and wholly-owned subsidiary of Voya Financial (NYSE: VOYA), headquartered in New York City with offices in Atlanta, San Diego, San Francisco, and London. The firm traces its heritage to 1973 and the broader Voya franchise and currently manages $353 billion in assets as of March 31, 2026 through a team of 300+ investment professionals. Its platform spans public and private fixed income, equities, multi-asset strategies, and alternative investments, distributed across institutional (pension funds, government plans, insurance), financial intermediary (broker-dealers, RIAs), and individual investor channels.

The firm's product architecture includes core strategies in fixed income, equities, multi-asset, and alternatives; a closed-end fund family focused on global equity income and covered call strategies; target-date suites (MyCompass, Target Retirement Funds/Trusts); separately managed accounts; mutual funds spanning securitized credit, high yield, and small-cap growth; multi-manager CITs for defined contribution plans (V-ALT Multi-Manager Alternative Fixed Income and Equity); actively managed ETFs launched in late 2025; and private market access via the Pomona Investment Fund (~$2B AUM) digitized through Templum's technology. Underlying technology infrastructure includes the Templum-powered digital investment access platform for private markets, multi-manager CIT structures via Global Trust Company, and a $24B systematic equities platform under a newly appointed head.

Voya IM generates revenue primarily through asset management fees on AUM across its public and private market strategies. Pricing is institutional and negotiated rather than publicly disclosed. The firm serves institutional investors (segment primary), insurance companies (segment primary), financial intermediaries (segment primary), and individual investors (segment secondary) via dedicated institutional sales teams, a broker-dealer/RIA intermediary channel, and shareholder services. Voya IM is ranked among the top-50 institutional managers globally by Pensions & Investments (#48 out of 369 firms surveyed for total worldwide AUM as of 12/31/24) and #10 U.S. insurance asset manager in Clearwater's Insurance Investment Outsourcing Report for 2023 and 2024.

Name

Voya Investment Management

Legal name

Voya Investment Management LLC

Website

https://investments.voya.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Voya Investment Management is a privately held, active asset manager and wholly-owned subsidiary of Voya Financial, managing $353 billion across fixed income, equities, multi-asset, and alternative strategies for institutional, insurance, intermediary, and individual investor clients.

Ownership category

akta.pro rank

Product category

Active Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Financial Vehicles (525990)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189)

akta.pro primary industry

Investment Management Advisory (RIA) (FSAEAAAB)

akta.pro secondary industries

Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG), Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ), Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Active asset management
• Fixed income strategies
• Equity investment solutions
• Multi-asset portfolios
• Alternative investments

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Asset Management Fees: Voya IM generates revenue primarily through asset management fees charged on assets under management across its public and private market strategies. The firm manages $353 billion in assets as of March 31, 2026, including proprietary insurance general account assets of $37 billion.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Voya Investment Management is an active asset management firm that manages $353 billion in public and private market investment solutions across fixed income, equities, multi-asset strategies, and alternative strategies. The firm delivers these capabilities through mutual funds, closed-end funds, separately managed accounts, collective investment trusts (CITs), actively managed ETFs, target-date retirement suites, and private equity funds. It serves institutional investors, insurance companies, financial intermediaries (broker-dealers and RIAs), and individual investors through dedicated sales, intermediary, and digital channels.

Product overview

Voya Investment Management is an asset management firm offering a comprehensive platform of investment solutions across fixed income, equity, multi-asset, and alternative strategies. The platform operates as a multi-product architecture comprising: (1) core investment strategies including public fixed income, public equities, multi-asset solutions, and alternative investments; (2) a suite of closed-end funds (IGA, IGD, IDE, IAE, IHD) focusing on global equity income and covered call strategies; (3) target-date retirement solutions including the MyCompass suite ($10B+ AUM), Target Retirement Funds/Trusts, and Target Solution Trust Series; (4) separately managed accounts (SMAs) for Core Plus Fixed Income, Large Cap Core-Value, and Balanced strategies; (5) actively managed ETFs launched in late 2025; (6) multi-manager CITs for defined contribution plans including V-ALT Multi-Manager Alternative Fixed Income and Equity; (7) mutual funds spanning securitized credit, high yield, GNMA, strategic income, and small cap growth; and (8) private markets access through the Pomona Investment Fund. The firm manages $353 billion in assets as of March 31, 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Fixed Income Strategies Public and private fixed income investment strategies spanning investment-grade credit, high-yield, structured products, securitized credit, and government securities for institutional and intermediary clients.
• Equity Strategies Active equity investment strategies across large-cap, small-cap, growth, value, and income-oriented approaches for institutional and intermediary clients.
• Multi-Asset Strategies and Target-Date Solutions Multi-asset solutions and target-date funds designed for retirement planning and customized portfolio allocation across mutual fund, CIT, and ETF structures.
• Alternative Strategies Private equity, private credit, real assets, and hedge fund strategies for institutional and qualified investors.
• V-ALT Multi-Manager Alternative Fixed Income CIT Multi-manager collective investment trust offering private market fixed income for defined contribution retirement plans, available through advisor managed accounts on Voya's Retirement platform.
• V-ALT Multi-Manager Alternative Equity CIT Multi-manager collective investment trust offering private market equity for defined contribution retirement plans, available through advisor managed accounts on Voya's Retirement platform.
• Voya Active ETFs Actively managed exchange-traded funds launched in late 2025 as a strategic expansion of Voya IM into modern active ETF solutions for advisors and investors.
• Pomona Investment Fund (PIF) Private equity fund managed by Pomona Capital (Voya-affiliated) with approximately $2 billion in AUM and over 13,000 investors, featuring fully digital onboarding, subscription, and ordering via Templum technology.
• Voya Closed-End Funds Closed-end funds focused on global equity income, covered call writing, infrastructure/industrials/materials, Asia Pacific dividend equities, and emerging markets high dividend equities for income-oriented investors.
• Voya MyCompass Target-Date Suite Target-date investment solutions for defined contribution plans, including age-appropriate asset allocation across vintages, available as mutual funds and collective investment trusts.
• Voya Separately Managed Accounts (SMAs) Separately managed accounts offering Core Plus Fixed Income, Balanced Large Cap Core Value, and Large Cap Core-Value strategies for institutional and high-net-worth investors.
• Voya Mutual Funds Open-end mutual funds spanning securitized credit, high yield, GNMA, strategic income, small cap growth, and emerging markets equity for retail and intermediary investors.
• Voya Multi-Manager Model Portfolios Multi-manager portfolios providing diversified investment solutions across asset classes, available in both mutual fund and ETF series, targeting various risk profiles from conservative to aggressive growth.
• Systematic Equities Strategies Systematic equity investment strategies overseeing approximately $24 billion in assets, designed to scale and commercialize Voya IM's quantitative equity capabilities.
• Digital Investment Access Platform (Templum-powered) Digitized investment access platform for the Pomona Investment Fund (PIF), powered by Templum's private markets technology, enabling eligible investors to complete onboarding, subscription documents, and place orders through a fully digital workflow.

Quantifiable outcome

• Voya IM ranked #48 out of 369 firms surveyed by Pensions & Investments for total worldwide AUM as of 12/31/24
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Global Trust CompanycoreChannel Partner/ Reseller/ Distributor · 8 June 2026Global Trust Company serves as Trustee and discretionary manager for Voya's new multi-manager alternative collective investment trusts (CITs) — V-ALT Multi-Manager Alternative Fixed Income and V-ALT Multi-Manager Alternative Equity — for defined contribution retirement plans. The CITs are available through advisor managed accounts on Voya's Retirement platform.
• Saba Capital ManagementminorStrategic or Co-development Partner · 2 June 2026Saba Capital Management reached an agreement with Voya Investments regarding the merger of two Voya closed-end funds — Voya Emerging Markets High Dividend Equity Fund (IHD) and Voya Asia Pacific High Dividend Equity Income Fund (IAE) — into the Voya Multi-Manager Emerging Markets Equity Fund (IEMLX). Saba withdrew its previously submitted board nominations and agreed to standstill covenants until completion of the 2028 annual meetings, signaling resolution of an activist investor challenge.
• TemplumcoreTechnology or Integration · 4 March 2026Voya Investment Management and Pomona Capital partnered with Templum to launch an enhanced digital platform for the Pomona Investment Fund (PIF), powered by Templum's private markets technology. The 'Invest Now' feature enables eligible investors to complete onboarding, subscription documents, and place orders through a fully digital workflow, streamlining access to institutional-quality private equity. The PIF has approximately $2 billion in AUM and over 13,000 investors.
• Virtus Investment AdviserscoreStrategic or Co-development PartnerVirtus Investment Advisers serves as investment adviser to multiple Virtus closed-end funds (Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II, Virtus Equity & Convertible Income Fund, Virtus Artificial Intelligence & Technology Opportunities Fund, Virtus Diversified Income & Convertible Fund, Virtus Dividend, Interest & Premium Strategy Fund) with Voya Investment Management serving as subadviser for investment management.
• Pomona CapitalcoreStrategic or Co-development PartnerPomona Capital is a global private equity firm affiliated with Voya Investment Management. The Pomona Investment Fund (PIF) has approximately $2 billion in AUM and over 13,000 individual investors, with a 10-year annualized net return of 13.3% since inception and a $25,000 minimum investment. Voya IM and Pomona partnered with Templum to digitize investment access to PIF.

Scale indicators5 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• PGIM (Prudential Financial): PGIM is the asset management arm of Prudential Financial, managing ~$1.3T AUM across fixed income, equity, real estate, and private alternatives for institutional and retail clients. Directly comparable to Voya IM due to insurance-affiliated structure, deep institutional relationships, and emphasis on liability-aware fixed income and alternatives.
• Nuveen (TIAA): Nuveen is the asset management subsidiary of TIAA, managing over $1.3T AUM with deep focus on institutional retirement, insurance general accounts, and alternatives. Closely mirrors Voya IM's institutional/insurance orientation, alternatives platform (private credit, real assets), and pension/retirement client base.
• T. Rowe Price: T. Rowe Price is a large publicly traded active asset manager with ~$1.5T AUM spanning fixed income, equity, multi-asset, and alternatives. Directly comparable in active multi-asset strategy mix, target-date retirement offerings, and institutional/retail dual-channel distribution.
• Eaton Vance (Morgan Stanley Investment Management): Eaton Vance was an active asset manager specializing in fixed income, structured strategies, and tax-managed equity, with deep institutional and advisor channels, before being acquired by Morgan Stanley. Highly comparable in active fixed income, multi-manager CIT, and institutional SMA offerings.
• AllianceBernstein: AllianceBernstein is a publicly traded asset manager with ~$700B AUM across fixed income, equities, multi-asset, and alternatives, with strong institutional and private wealth distribution. Comparable to Voya IM in active fixed income/equity focus, institutional mandates, and parent-affiliate structure (AXA).
• American Century Investments: American Century is a privately held active asset manager with ~$200B AUM focused on equity, fixed income, and multi-asset strategies distributed through institutional and intermediary channels. Comparable in mid-tier active multi-asset orientation and similar target-date retirement offerings.
• Invesco: Invesco is a publicly traded global investment manager with ~$1.8T AUM spanning active and passive equity, fixed income, ETFs, and alternatives. Closely matches Voya IM in active ETF launch strategy, ETF-plus-active mix, and institutional/retail dual distribution.

Broad incumbents

• Goldman Sachs Asset Management: Goldman Sachs Asset Management manages over $2.5T AUM across public and private markets, serving institutional and intermediary clients globally. Overlaps with Voya IM in fixed income, multi-asset solutions, alternatives, and institutional subadvisory mandates but operates as part of a much larger investment banking franchise.
• J.P. Morgan Asset Management: J.P. Morgan Asset Management is one of the largest global asset managers with over $3T AUM across active and passive strategies, multi-asset solutions, alternatives, and ETFs. Overlaps with Voya IM in institutional fixed income, retirement target-date, alternatives, and ETF offerings, with significantly greater scale and global footprint.
• Franklin Templeton: Franklin Templeton is a global investment manager with ~$1.6T AUM across active fixed income, equity, multi-asset, alternatives, and ETFs. Comparable to Voya IM in mid-tier active multi-strategy offerings, alternatives buildout (Legg Mason acquisition), and active ETF expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/voyainvestments
• LinkedInlinkedin.com/company/voya-investment-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Voya Investment Management