AMG Announces Investment in OCP Asia
30 April 2021 - 10:00PM
Affiliated Managers Group, Inc. (NYSE: AMG), a leading partner to
independent active investment management firms, has acquired a
minority equity interest in OCP Asia Limited (“OCP Asia”). The
partners of OCP Asia continue to hold a significant majority of the
equity of the firm and direct its day-to-day
operations.
With approximately $3 billion under management, OCP Asia is a
leading alternative manager in private markets, providing
customized secured lending solutions across the Asia-Pacific
region. Based in Hong Kong and Singapore, OCP’s experienced team of
more than 30 professionals is led by partners Stu Wilson, Teall
Edds, and Dan Simmons. Against the backdrop of significant
structural demand for credit from sophisticated borrowers in the
Asia-Pacific region and an underdeveloped traditional bank-lending
infrastructure, OCP Asia has a unique ability to provide dynamic
lending solutions which are timely, bespoke, and often more
attractive than those offered by traditional capital sources. In
addition, with its rigorous investment process and differentiated
competitive position, OCP Asia has built a reputation for
consistently delivering exceptional risk-adjusted returns.
“OCP Asia operates in the attractive segment of private credit
in markets across Asia, and is a highly regarded credit provider in
the region,” said Jay C. Horgen, President and Chief Executive
Officer of AMG. “With the team’s 20-year investment track record
and extensive set of established local corporate relationships, OCP
Asia has distinguished itself as a leader in private credit and
secured lending. We are pleased to welcome OCP Asia – our second
Affiliate partnership in the region – which further enhances AMG’s
broad participation in private markets and our exposure to growth
markets across Asia, where client allocations are increasing. OCP
Asia is uniquely positioned to capitalize on the compelling
investment opportunities in private credit given the team’s highly
distinctive credit expertise and excellent long-term track record.
I am very pleased to welcome Stu, Teall, Dan, and their partners to
our Affiliate group.”
“We are excited to partner with AMG, as its unique approach
enables OCP Asia to preserve our investment independence and
operational autonomy – which is deeply important to our firm’s
culture and to our clients given the relationship-based dynamics of
direct lending,” said Mr. Wilson, OCP Asia Partner. “We are
confident that given AMG’s three-decade track record as a partner
to leading independent firms, as well as its proven strategic
capabilities, this partnership will enhance our competitive
advantages over time. As a lender to growing businesses, our
entrepreneurial culture has been critical to our success and
ability to support borrowers, and we are pleased to have found in
AMG a partner that shares our commitment to this culture and is
aligned with us for the long term. With this new partnership, we
are well-positioned to build an enduring, multi-generational,
independent investment firm that serves its borrowers and investors
with distinction.”
The terms of the transaction were not disclosed.
About AMGAMG is a leading partner to
independent active investment management firms globally. AMG’s
strategy is to generate long-term value by investing in a diverse
array of excellent 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.
AMG’s innovative partnership approach enables each Affiliate’s
management team to own significant equity in their firm while
maintaining operational and investment autonomy. In addition, AMG
offers its Affiliates growth capital, global distribution, and
other strategic value-added capabilities, which enhance the
long-term growth of these independent businesses, and enable them
to align equity incentives across generations of principals to
build enduring franchises. As of December 31, 2020, AMG’s aggregate
assets under management were approximately $716 billion across a
broad range of active, return-oriented strategies. For more
information, please visit the Company’s website at www.amg.com
About OCP Asia Established in 2009, OCP Asia is
a leading independent alternative investment manager providing
secured direct lending solutions to small and medium-sized
enterprises across the Asia-Pacific region. OCP Asia works closely
with its investment companies to understand their specific needs
and develop timely, bespoke lending solutions which are both more
attractive than traditional capital sources and also align the
interests of OCP Asia’s investors with those of the key
stakeholders of its investee companies. Based in Hong Kong and
Singapore, OCP Asia’s experienced team is led by partners Stu
Wilson, Teall Edds, and Dan Simmons, who have invested in the
region together for nearly two decades. For more information, visit
www.ocpasia.com.
Certain matters discussed in this press release 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 our most recent Annual Report on Form 10-K, as such factors may
be updated from time to time in our periodic filings with the SEC,
which are accessible on the SEC's website at www.sec.gov. We
undertake 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. 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.
Investor Relations:Anjali Aggarwal
Media Relations:
Jonathan
Freedman
+1 (617) 747-3300ir@amg.compr@amg.com
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