On June 6, 2016, Affiliated Managers Group, Inc. announced an agreement with Petershill Fund I to acquire a minority equity interest in five alternative investment firms.
Affiliated Managers Group, Inc. (“AMG”) will pay Petershill Fund I (“Petershill”) $800 million in total consideration. The five firms in which interests are being acquired are Winton Capital Group Ltd., Capula Investment Management LLP, Partner Fund Management, L.P., Mount Lucas Management LP, and CapeView Capital LLP. Each of the senior managers at the acquired firms will retain operating autonomy and a majority interest in their respective business. The deal is expected to increase AMG’s assets under management by $55 billion.
AMG is a global asset management company that has equity investments in boutique investment management firms. The company also gives centralized assistance to affiliates in strategic matters, marketing, distribution, product development and operations. AMG’s assets under management were estimated at $697 billion as of March 31, 2016.
Petershill is a collection of investment vehicles managed by Goldman Sachs Asset Management, L.P.
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