- AMG invests in Verition Fund Management, acquiring a minority equity stake.
- Verition manages approximately $12.6 billion in assets.
- The transaction is expected to close in Q2 2025.
Affiliated Managers Group, Inc. (AMG, Financial) has announced a strategic partnership through acquiring a minority equity stake in Verition Fund Management, a global multi-strategy investment firm. This move aligns with AMG's business strategy of expanding its footprint in the alternatives sector while maintaining the operational independence of its investment partners.
Verition, founded in 2008, manages approximately $12.6 billion in assets and operates with about 150 portfolio management teams focusing on uncorrelated strategies. Despite AMG’s new stake, Verition’s management retains the majority equity and full control of operations, ensuring the firm's continued independence.
The strategic acquisition aims to bolster AMG's exposure to alternative investment strategies, which typically offer higher fee rates compared to traditional methods. This partnership further solidifies AMG’s presence in the growing multi-strategy sector. The transaction, whose financial terms remain undisclosed, is anticipated to finalize in the second quarter of 2025, pending regulatory approvals.
