AMG Expands Its Partnership with Garda Capital Partners with Increased Investment
Rhea-AI Summary
AMG (NYSE:AMG) increased its minority equity stake in Garda Capital Partners on Feb 12, 2026, deepening a partnership that began in 2019.
Garda remains majority-owned by its management and has grown assets under management to more than $12 billion, while AMG will continue to account for the investment under the equity method.
Positive
- Garda AUM increased to more than $12 billion
- Partnership deepened with incremental minority investment (strengthens strategic alignment)
- Garda growth tripled in size since AMG partnership began in 2019
Negative
- Terms of the additional investment were not disclosed, limiting investor transparency
Market Reaction
Following this news, AMG has gained 6.19%, reflecting a notable positive market reaction. Our momentum scanner has triggered 10 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $327.17. This price movement has added approximately $536M to the company's valuation. Trading volume is above average at 1.9x the average, suggesting increased trading activity.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
AMG was up 1.41% while key asset-management peers like STEP, HLNE, and BXSL showed negative moves and OBDC was flat, pointing to a stock-specific reaction rather than a sector-wide move.
Previous Partnership Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 01 | Strategic collaboration | Positive | -3.1% | Minority stake and collaboration with BBH Credit Partners in U.S. structured credit. |
| Jul 28 | Private equity partnership | Positive | -1.5% | Minority equity stake in Montefiore Investment to expand European private markets. |
| May 08 | Renewables partnership | Positive | +3.4% | Minority stake in Qualitas Energy to grow renewable infrastructure exposure. |
| Feb 06 | Real estate partnership | Positive | +0.2% | Minority stake in NorthBridge Partners focused on industrial logistics assets. |
| May 16 | Lower-carbon partnership | Positive | +0.2% | Minority equity interest in Suma Capital targeting lower-carbon private markets. |
Past partnership announcements were generally positive strategically, but share-price reactions were mixed, with three modest gains and two notable declines around such news.
Over the last two years, AMG has repeatedly used minority-stake partnerships to broaden its alternatives and private markets footprint. Deals with BBH Credit Partners, Montefiore Investment, Qualitas Energy, NorthBridge Partners, and Suma Capital all followed a similar model: AMG taking minority positions while partners retain majority control and operational independence. Price reactions around these announcements were small on average (-0.16%), indicating that the market often treated them as incremental rather than transformational events. Today’s expanded Garda partnership fits this ongoing strategic pattern.
Historical Comparison
In recent partnership announcements, AMG’s stock moved an average of -0.16% over 24 hours, suggesting the market typically prices these deals as steady, incremental strategic steps.
Partnership news shows a consistent strategy: minority stakes in specialized managers (credit, private equity, renewables, logistics, lower‑carbon assets). The expanded Garda investment continues this multi-year build-out across differentiated alternative strategies.
Market Pulse Summary
The stock is up +6.2% following this news. A strong positive reaction aligns with AMG’s established pattern of using minority-stake partnerships to broaden its alternatives platform. Historical partnership announcements produced modest average moves of -0.16%, so a much larger gain would mark this deal as relatively impactful versus earlier transactions. However, prior events also showed mixed follow‑through, so investors have historically reassessed these catalysts once integration progress and financial contributions became clearer.
Key Terms
assets under management financial
equity method financial
AI-generated analysis. Not financial advice.
- 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
“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
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
What exactly did AMG announce about its investment in Garda on February 12, 2026 (AMG)?
How large is Garda Capital Partners after the AMG investment (AMG)?
Will Garda’s management ownership or control change after AMG’s increased investment (AMG)?
Does AMG’s accounting method for the Garda investment change after this transaction (AMG)?
What investor implications arise from AMG not disclosing the transaction terms for Garda (AMG)?
