Affiliated Managers Group will take a majority stake in Trilogy Global Advisors, an emerging markets and global equity boutique, confirmed spokeswoman AMG Laura O’Brien.
Terms weren’t disclosed.
Trilogy’s managers will continue to hold a “substantial portion” of the firm’s equity, with all senior partners signing long-term employment agreements with the firm, according to an AMG news release.
William P. Sterling, Trilogy’s chairman, CEO and chief investment officer, couldn’t immediately be reached for comment.
In the release, AMG President and CEO Sean M. Healey said AMG’s global distribution and client service capabilities will “further enhance” Trilogy’s strong prospects.
Trilogy, launched in 1999 by Credit Suisse veterans including Mr. Sterling and backed by Canadian firm CI Mutual Funds, has been 100% employee owned since 2003. The firm had about $12 billion in assets under management as of June 30, with $7.5 billion in separate accounts, $1.6 billion in commingled vehicles and $3 billion in mutual funds.
