Verition Partners with AMG for Strategic Growth
Deal News | Apr 21, 2025 | Globenewswire
Affiliated Managers Group (AMG) has entered into a definitive agreement to acquire a minority equity interest in Verition Fund Management LLC. Verition is a global, multi-strategy investment firm managing approximately $12.6 billion in assets. This investment by AMG is part of its strategy to expand its business exposure to alternative strategies. Verition will retain a majority of its equity and continue functioning as an independent firm under its current management, maintaining its operational control and strategic direction. The firm's co-founders, Nicholas Maounis and Josh Goldstein, have committed to long-term roles, securing stability and leadership continuity. This partnership aligns with AMG’s approach of investing in independent firms, providing resources that leverage growth potential and enhance long-term value. AMG's strategic partnerships focus on firms that operate in areas of secular growth, aiming to magnify affiliate strengths while preserving their independence. The exact terms of the transaction were not disclosed, and completion is anticipated for the second quarter of 2025.
Sectors
- Investment Management
- Alternative Investments
Geography
- United States – AMG is based in West Palm Beach, Florida, and Verition holds significant operations in the United States with offices in New York, NY; Greenwich, CT; and Norwalk, CT.
- Global – Verition operates globally with offices in London, UK; Singapore; Hong Kong; and Dubai, UAE, reflecting its global investment strategy and diverse portfolio management teams.
Industry
- Investment Management – The article revolves around AMG's investment in Verition Fund Management, impacting the investment management landscape as AMG expands its interests in multi-strategy investment firms.
- Alternative Investments – Verition's strategy includes diverse investment strategies that are part of alternative assets outside traditional stocks and bonds, highlighting the focus on uncorrelated and multi-strategy investments.
Financials
- $12.6 billion – Assets under management by Verition Fund Management as of April 1, 2025.
- $708 billion – AMG's aggregate assets under management as of December 31, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Affiliated Managers Group (AMG) | Investor/Partner | Company | AMG is a global strategic partner to independent investment management firms, focusing on alternative investment strategies to generate long-term value. |
| Verition Fund Management LLC | Target Company | Company | A multi-strategy investment firm managing $12.6 billion in assets, specializing in uncorrelated investment strategies since its founding in 2008. |
| Nicholas Maounis | Co-Founder/Leader | Person | Co-Founder and CEO of Verition Fund Management, involved in long-term strategic commitments to the firm's future. |
| Josh Goldstein | Co-Founder/Leader | Person | Co-Founder of Verition Fund Management, committed to the firm's expansion and upholding its investment philosophy. |
| Globenewswire | Source | Company | A news distribution service that provided the original press release regarding the investment agreement. |