Affiliated Managers (AMG) Buys Minority Interest in Suma Capital

Group 1 - Affiliated Managers Group, Inc. (AMG) has acquired a minority equity interest in Suma Capital, marking AMG's ninth private markets affiliate [1] - Suma Capital focuses on investments in the transition to a lower-carbon economy, managing nearly $800 million in assets primarily in infrastructure and growth strategies [1] - AMG's strategy includes diversifying into fast-growing areas of private markets, with almost 50% of its earnings generated from alternative strategies [2] Group 2 - AMG's recent acquisitions include minority interests in Ara Partners and Forbion Group Holding B.V., reshaping its business profile towards alternatives [2] - The company has strengthened its balance sheet through divestitures of stakes in Veritable LP and Baring Private Equity Asia [2] - Over the past six months, AMG shares have increased by 18.3%, compared to a 24.6% growth in the industry [2] Group 3 - LPL Financial Holdings Inc. completed the acquisition of Crown Capital Securities, expanding its presence in California and enhancing its wealth management business [5] - Crown Capital brings $1.3 billion of brokerage and advisory assets, with an additional $3.7 billion expected to be onboarded [5] - BlackRock Inc. closed the acquisition of SpiderRock Advisors, enhancing its capabilities in providing customized separately managed accounts (SMAs) solutions [6]