AMG to acquire a minority stake in Comvest Partners.

Affiliated Managers Group, a global asset management company, agreed to acquire a minority stake in Comvest Partners, a private investment firm. Financial terms were not disclosed. “Our partnership with Comvest demonstrates the ongoing appeal of AMG’s innovative model, including our ability to provide growth capital and our proven distribution capabilities to both alternative and traditional firms. Against the backdrop of strong client demand for private equity and private credit, and increasing client allocations to this segment of the market in particular, Comvest has outstanding forward prospects. I am very pleased to welcome Michael Falk and his partners to our Affiliate group, and our teams look forward to working together on a variety of initiatives to enhance the firm’s future growth,” Jay C. Horgen, AMG President and Chief Executive Officer.