Affiliated Managers Group acquires Parnassus Investments

Affiliated Managers Group acquired Parnassus Investments, a transaction completed in October 2021, structured as cash (terms not disclosed). The deal was a Majority-stake investment.

Parnassus Investments operates in ESG equity funds, is based in San Francisco, CA. On October 1, 2021 AMG completed a majority investment in Parnassus Investments, a leading independent ESG-dedicated fund manager and AMG's largest ESG platform.

Consistent with AMG's partnership model, the Affiliate's management retains equity and operating autonomy while AMG provides permanent capital, global distribution and strategic resources.

we completed majority investments in Parnassus Investments, a leading independent ESG-dedicated fund managerAffiliated Managers Group, FY2021 Form 10-K

Advisory firms were not disclosed for this transaction.

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