AMG Expands Its Partnership with Garda Capital Partners with Increased Investment
MWN-AI** Summary
AMG (Affiliated Managers Group) has announced an expanded partnership with Garda Capital Partners, acquiring an additional minority equity interest in the firm. Garda, which specializes in liquid alternatives with a focus on fixed income relative value strategies, has been an AMG affiliate since 2019. Since the inception of their partnership, Garda has increased its assets under management to over $12 billion, reflecting a strong and consistent performance across various market cycles.
AMG’s Chief Executive Officer, Jay C. Horgen, expressed enthusiasm about the deepening collaboration, highlighting Garda's impressive track record and the strategic alignment with AMG's long-term growth objectives. This investment not only reinforces AMG’s commitment to supporting successful independent firms but also expands its footprint in the thriving liquid alternatives market.
Garda’s leadership, represented by CEO Jeff Drobny, reiterated the advantages of their partnership with AMG, emphasizing the mutual benefits derived from AMG’s approach, which fosters investment independence and operational autonomy. Drobny noted that since partnering with AMG, Garda has tripled in size, establishing a solid foundation for future growth while maintaining a focus on delivering superior outcomes for clients.
Following the transaction, AMG will continue to hold a minority stake in Garda, treated under the equity method in their financial reporting. The terms of the investment were not disclosed, but it underscores AMG's strategy of adding value through strategic partnerships in high-growth sectors. As of December 31, 2025, AMG's total assets under management reached approximately $813 billion, demonstrating its pivotal role in the investment management landscape.
MWN-AI** Analysis
AMG's expanded investment in Garda Capital Partners signifies a strong endorsement of Garda's positioning within the liquid alternatives market, particularly in fixed income relative value strategies. For investors, this development underscores AMG's commitment to fostering partnerships with high-performing firms. As Garda has demonstrated consistent performance, growing assets under management to over $12 billion since their affiliation with AMG in 2019, the partnership appears to be aligning well with AMG's long-term growth strategy.
Investors should view this transaction as a potential opportunity to access a differentiated liquid alternatives manager known for its robust track record across varying market conditions. The expansion of AMG's stake not only reflects confidence in Garda's management team and investment strategy but also suggests potential for continued growth and strong returns in an economic landscape that may increasingly favor alternative investments.
Furthermore, the management continuity at Garda, along with the focus on operational autonomy, bodes positively for its operational stability. With AMG retaining minority ownership, the arrangement allows for both collaboration and independence, which may be vital in navigating future market cycles, particularly in a rapidly changing interest rate environment.
As the market evolves, investors are advised to consider the role of alternative strategies as a hedge against traditional market risks. With Garda's focus on generating uncorrelated returns, particularly attractive in recent unpredictable market conditions, this partnership could serve as a valuable component within a diversified investment portfolio.
In summary, investors should monitor developments from AMG and Garda, as the enhanced partnership may yield significant investment opportunities, particularly for those looking to capitalize on the growth of liquid alternative strategies.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
- Increased investment deepens AMG’s partnership with Garda, a leading liquid alternatives manager specializing in fixed income relative value, with an excellent long-term investment track record
- Garda will remain majority-owned and led by its management team
- Transaction is aligned with AMG’s long-term growth strategy and further expands Company’s exposure to alternative strategies through an increased investment in an attractive, differentiated liquid alternatives manager
WEST PALM BEACH, Fla., Feb. 12, 2026 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it has acquired an additional minority equity interest in Garda Capital Partners LP (“Garda”), a leading liquid alternatives manager specializing in fixed income relative value strategies, and an AMG Affiliate since 2019.
With its distinctive strategy and outstanding investment track record across all stages of a market cycle, Garda has continued to grow and evolve its business since the inception of the partnership with AMG in 2019, with assets under management increasing to more than $12 billion*. Across its 22-plus-year history of continuous senior leadership, Garda’s flagship strategy has delivered consistent, positive, and uncorrelated returns across multiple market cycles, earning the confidence of a diverse global client base.
“We are very pleased to deepen our partnership with Garda, a premier firm with an outstanding multi-decade track record of performance,” said Jay C. Horgen, Chief Executive Officer of AMG. “This incremental minority investment reflects the strength of our partnership and supports the firm’s long-term objective of building an enduring, independent firm. Garda’s leading position in a fast-growing area within liquid alternatives and its long-standing history of consistently delivering excellent returns, underpin our strong conviction in the firm’s long-term prospects—and this additional investment is a direct expression of that confidence.”
“Seven years ago, we chose AMG’s unique partnership model and its core tenets of investment independence, operational autonomy, and alignment of interests,” said Jeff Drobny, Chief Executive Officer of Garda. “AMG has fully delivered on those promises. Our expanded partnership will further enhance Garda’s long-term stability and growth, ensuring that our firm is built to last. With incredible work by each of the underlying teams at Garda and with AMG’s ongoing collaboration, Garda has tripled in size since the inception of the partnership, and we are excited to continue working closely with AMG as we build a multi-generational firm that delivers superior outcomes for clients.”
Following the transaction, AMG remains a minority investor in Garda and will continue to account for the investment under the equity method. Terms of the transaction were not disclosed.
About AMG
AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG’s strategy is to generate long-term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of December 31, 2025, AMG’s aggregate assets under management were approximately $813 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company’s website at www.amg.com.
About Garda Capital Partners
Garda Capital Partners is a global investment management firm with a 22-plus-year track record of successfully deploying relative value strategies across fixed-income markets. Garda serves institutional investors with a clear focus: protecting and growing capital so they can deliver on their promises to their stakeholders. Garda’s collaborative, rigorous approach to investing and managing risk, paired with a longstanding commitment to transparency, has earned the trust of investors and counterparties over many market cycles. For more information, please visit www.gardacp.com.
Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. (“AMG” or the “Company”) may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled “Risk Factors” in AMG’s most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as required by applicable law. This release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.
*As of December 31, 2025
Garda Media & Investor Relations
Kartini Wilson
(612) 330-4900
Investor.services@gardacp.com
AMG Media & Investor Relations
Patricia Figueroa
(617) 747-3300
ir@amg.com
pr@amg.com
FAQ**
How does the increased investment by Affiliated Managers Group Inc. AMG in Garda Capital Partners align with AMG's long-term growth strategy in the liquid alternatives space?
2. What specific advantages does Affiliated Managers Group Inc. AMG foresee in deepening its partnership with Garda Capital Partners, considering their long-term investment track record?
3. What changes can investors expect in Garda's management or strategy as a result of Affiliated Managers Group Inc. AMG's increased investment?
4. How will the additional minority equity interest acquired by Affiliated Managers Group Inc. AMG impact Garda's future growth and client offerings in fixed income relative value strategies?
**MWN-AI FAQ is based on asking OpenAI questions about Affiliated Managers Group Inc. (NYSE: AMG).
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