# Conning Inc.

Conning Inc. is an Asset Manager based in Hartford, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Hartford, United States
- **Region:** North America
- **Address:** Hartford, CT, United States
- **Founded:** 1912
- **Assets under management:** Undisclosed
- **Website:** conning.com

## Regulatory record

- **CRD number:** 107423
- **SEC file number:** 801-18641
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/107423

## About

Conning, Inc. is an SEC-registered investment adviser in Hartford, CT, registered since 1983. The firm manages $106.9 billion in assets, with $106.6 billion on a discretionary basis. It has 270 employees and 240 investment advisers.

## Sectors

- Insurance
- Fixed Income
- Private Credit
- Real Estate
- Infrastructure

## Offices

- London
- Cologne
- Hong Kong
- Tokyo
- New York

## People

- John H. Richardson — Chief Executive Officer
- Thomas C. Wenzel — Chief Investment Officer

## Questions

### Who runs investment decisions at Conning?

John H. Richardson is the CEO of Conning Inc., and Thomas C. Wenzel serves as Chief Investment Officer. Together they oversee the firm's investment strategy and operations. The firm's leadership combines deep expertise in insurance liability analysis with asset management, as reflected in its proprietary risk platform.

### How does Conning source proprietary deal flow?

Conning sources investments primarily through its long-standing relationships with insurance companies and its insurance analytics platform, which identifies asset-liability matching opportunities. The firm also leverages its global network of offices in North America, Europe, and Asia to source private credit and real estate deals directly.

### Does Conning participate in fund commitments or only direct deals?

Conning operates primarily as a direct investor in fixed income, private credit, real estate, and infrastructure, rather than as a fund-of-funds. The firm structures investments as separately managed accounts or commingled funds tailored to insurance client needs, with liability-awareness as a core feature.

### How is Conning related to Aon?

Conning has a strategic partnership with Aon, the global insurance broker. In 2023, the two firms deepened their collaboration to develop liability-aware investment strategies for insurance clients. Conning operates as an independent asset manager, not a subsidiary of Aon, but leverages Aon's distribution and risk expertise.

### What sectors does Conning explicitly avoid?

Conning generally avoids venture capital, private equity, and long-only public equities. The firm's mandate is centered on fixed income and real assets that align with insurance solvency requirements, so it does not pursue growth equity or speculative strategies.

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Last updated: 2026-06-03T20:00:00.000Z

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