Affiliated Managers Group to invest in Abacus Capital Group.

Affiliated Managers Group, an American international investment management company, agreed to invest in Abacus Capital Group, an independent, privately owned real estate investment manager. Financial terms were not disclosed. "We are very pleased to partner with Abacus, a high-quality business with excellent growth prospects in an attractive area of real asset investing. AMG’s unique partnership approach, including our proven succession planning and incentive alignment capabilities, continues to attract outstanding firms – including alternative firms – that wish to build an enduring franchise, preserve their independence, and leverage AMG’s institutional capabilities. With strong structural demand for multifamily real estate and the firm’s distinctive investment culture, Abacus is positioned for continued growth. I am pleased to welcome Ben, Kyle, and their partners to our Affiliate group," Jay C. Horgen, AMG President and CEO.