AMG announces investments in River Road Asset Management and EIG Global Energy Partners

Affiliated Managers Group Inc., a global asset management company based in Beverly, said that it has agreed to acquire all of Aviva Investors North America Holdings equity in River Road Asset Management LLC, a Kentucky-based firm with about $11 billion in assets under management.

The terms of the transaction were not disclosed, Affiliated Managers Group, or AMG, said in a press release. River Road has a long-standing relationship with a part of the AMG’s funds business, Aston Asset Management LP, and will continue to serve as sub-advisor for six mutual funds in the Aston Funds family, AMG said.  

“We have long appreciated River Road’s strong fundamental approach to investing and outstanding track record of generating excellent performance for investors on a global basis,” Sean M. Healey, chairman and chief executive, said in a statement. “River Road has a tremendous history of developing innovative products to meet the dynamic needs of its client base, including in areas increasingly attractive to global investors, such as low-volatility income-oriented strategies.”

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In a separate press release, AMG said that it is acquiring an equity interest in EIG Global Energy Partners LLC, a global alternative investment firm specializing in private investments in energy and energy-related infrastructure. EIG is headquartered in Washington, D.C. The terms of this transaction were not disclosed either.