Affiliated Managers Group, a global asset management company, completed the acquisition of a minority stake in Ara Partners, a Texas-based private equity firm, from Wafra, a privately owned investment company. Financial terms were not disclosed. “Our partnership with Ara Partners broadens AMG’s participation in private markets in a specialized, impactful area with significant growth potential, further diversifying our business. Given the global focus on a lower-carbon economy and energy transition, Ara Partners is well-positioned to benefit from accelerating client demand for industrial decarbonization investments, and AMG’s strategic partnership solutions can catalyze the firm’s next phase of development. AMG’s distinctive approach continues to attract outstanding firms seeking to collaborate with a strategic partner that can magnify their long-term success. I am delighted to welcome Charles, Troy, and their partners to our Affiliate group,” Jay C. Horgen, Affiliated Managers Group President and CEO.