About AMG

who we are

AMG is a strategic partner to, and long-term investor in, leading independent investment firms globally.

We provide the advantages of partnership to magnify our Affiliates’ success, while preserving their autonomy and independence. We leverage our capabilities and insight, offering strategic, business development, operational, and capital support to our Affiliates, to create exceptional value for their clients and our shareholders. With AMG, Affiliates are able to expand their reach, diversify their business, and achieve further success.

When Affiliates choose AMG as a partner, they are choosing independence. Not only do our partners value their autonomy, their clients also recognize that an independent firm’s entrepreneurial and investment-centric culture is instrumental to generating differentiated long-term returns.

Having operated our distinct partnership model for 30 years, our entrepreneurial spirit, ownership mindset, and focus on excellence are deeply rooted.

Our strategy

We generate long-term value by investing in a diverse array of high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG’s unique opportunity set to the areas of highest growth and return.

Multiple Growth Drivers

Diversified market exposure and alpha generation, organic growth, and investments in new and existing Affiliates all drive growth

Enhanced Stability Through Structure

Diversified asset base and partnership structure enhance business stability and flexibility to invest for growth

Disciplined Capital Allocation

Disciplined allocation of cash flow supports significant growth investment and efficient return of excess capital

Economic Earning Per Share Growth  and Shareholder Value Creation

DISTINCTIVE PARTNERSHIP APPROACH

Our Affiliates maintain independence and autonomy as well as significant direct equity ownership in their individual firms.

Through an AMG partnership, Affiliates’ interests stay aligned with their clients’ interests, and Affiliate management teams have the continued opportunity to participate directly in their firms’ long-term growth and success.

We provide strategic and business development capabilities to our Affiliates to enhance their desired evolution toward new opportunities, and their next phase of success.

LEARN MORE ABOUT OUR PARTNERSHIP APPROACH

Our Affiliates

Our Affiliates manage client assets across a diverse range of secular growth areas and are focused on creating value for their clients.

SEE ALL AFFILIATES

OFFERING UNIQUE RETURN STREAMS

Our Affiliates manage a broad array of differentiated strategies across a range of return-oriented asset classes and product structures.

With more than 500 strategies in aggregate across liquid alternatives, private markets, multi-asset, and differentiated equity strategies, AMG’s business is highly diversified by asset class, client type, and geography. We are uniquely able to align our capital and resources with long-term demand trends, through growth investments in new Affiliates or alongside existing Affiliates.

EBITDA by strategy chart Q3'24 - resized

All EBITDA percentage data calculated as of 9/30/24 LTM and adjusted for full-year impact of Suma Capital, Ara Partners, and Forbion.

Leadership

AMG’s long-tenured leadership team combines deep industry expertise with an entrepreneurial mindset and a commitment to excellence.

leadership Team

BOARD OF DIRECTORS

Milestones

For three decades, AMG has partnered with leading independent investment firms globally, building an unmatched track record of success.

AMG founded to partner with independent investment firms

AMG is founded in December 1993 by William J. Nutt in Boston, Massachusetts. AMG was created to provide a succession planning solution to independent investment firms; today we offer the broadest array of partnership solutions available to independent firms to help them remain independent – including growth capital, capital formation capabilities across both product development and distribution, and strategic advice, including succession planning (with 30 years of experience in supporting independent firms in aligning incentives across generations of management and designing long-term succession plans for partnerships, AMG has an unmatched track record in this area).

1993

Becomes succession-planning partner to renowned value firm

AMG is selected by Tweedy, Browne, a renowned global value investment management firm, to help facilitate the implementation of its first succession plan. AMG has subsequently helped the firm transition principals' ownership and align incentives across successive generations of management. Tweedy continues to be one of AMG’s most significant Affiliates by earnings contribution.
Completes IPO

AMG completes its IPO, listing on the NYSE at the split-adjusted price of $15.67.

1997

Forms U.S. Wealth Capabilities

AMG launches its U.S. wealth distribution platform, offering financial advisors and their clients, individual investors, access to partner-owned, investor-led independent firms. As a strategic partner, we build capabilities that support the growth opportunities of our Affiliates, including expanding their reach into new geographies and client channels.
Partners with first alternatives firm

AMG expands into liquid alternatives with its initial investment in AQR Capital Management.

2004

Launches Non-U.S. Institutional Distribution

AMG launches its global institutional distribution platform with an office in Sydney, Australia. Today, AMG operates distribution capabilities in the U.S., Europe, the UK, the Middle East, Asia, and Australia – enabling our Affiliates to diversify their client bases and service clients in geographies they may not otherwise be able to efficiently reach, accessing the world’s largest pools of capital and servicing clients via professionals who have deep relationships in the regions and local language and cultural skills.

2007

Expands global equity exposure

AMG further expands its participation in global and emerging markets equities with its investment in Harding Loevner, a premier global equity manager.

2009

Partners with first private markets firm

AMG significantly enhances its participation in alternative investments through its partnership with Pantheon, a leading private markets investor providing innovative solutions across private equity, real assets, and private credit, and AMG’s first private markets Affiliate.

2010

Expands U.S. Wealth platform through partnership with concentrated active equity manager

AMG expands the scale of its U.S. Wealth platform through its investment in Yacktman Asset Management, a highly regarded investment manager specializing in large-cap equities through a unique, concentrated, value-oriented approach.

2012

Launches first single-allocation private equity vehicle for individual investors

AMG collaborates with Pantheon to offer access to private equity investing to the U.S. wealth marketplace through a diversified, institutional-caliber portfolio of private equity investments in a single multi-manager vehicle. Today, the AMG Pantheon Fund is one of the largest registered private equity funds in the U.S., managing more than $2 billion in client assets. In 2023, AMG and Pantheon are collaborating again to expand its U.S. wealth offering with the innovative AMG Pantheon Credit Solutions Fund (PSECC), the first fund of its type designed to deliver a private credit secondaries-focused investment strategy to the U.S. wealth market.

2015

Enhances participation in liquid alternatives

AMG invests in Systematica Investments, a leading quantitative and systematic manager. In 2022, AMG increased its investment in Systematica, further increasing our participation in liquid alternatives.

2016

Cornerstone donor in establishing The Healey AMG Center for ALS at Mass General

In 2018, AMG was a cornerstone donor in establishing The Sean M. Healey & AMG Center for ALS at Massachusetts General Hospital in honor of late CEO Mr. Healey, who served as Chief Executive Officer from 2005 – 2018. Philanthropy and citizenship are key elements of AMG’s culture; AMG is committed to giving back to the communities in which we live and work.

2018

AMG executes own succession plan: Jay C. Horgen appointed as CEO

AMG executes its own succession plan with the appointment of Jay Horgen as President and Chief Executive Officer. Horgen joined AMG in 2007 and previously served as Chief Financial Officer, as well as Executive Vice President, focusing on investments in new AMG Affiliates.
Further increases participation in in-demand alternative strategies

AMG completes its investment in Garda Capital Partners, a leading relative value manager.

2019

Enhances participation in areas of secular growth, including in private markets and sustainable investing

In line with its strategy to invest in areas of secular demand, in 2021, AMG invests in four new Affiliates, including Parnassus Investments. The new Affiliates enhance AMG's participation in private markets and sustainable investing.

2021

Celebrates 30 years as a strategic long-term partner to independent investment firms

AMG celebrates an unmatched 30-year track record of successful partnerships with leading independent investment firms.

In 2023, AMG invests in two new Affiliates operating in areas of secular growth within private markets.

2023

Corporate Responsibility

AMG believes that sound corporate citizenship and adherence to strong governance principles are elements of our success and that of our Affiliates.

We are committed to operating with integrity, contributing to the local communities surrounding our global offices, enhancing our organization’s diversity, equity, and inclusion, developing our team, and being thoughtful stewards of natural resources.

MORE ABOUT OUR COMMITMENT