BBH and AMG partner to develop structured credit products for US wealth market

NEW YORK/WEST PALM BEACH - Brown Brothers Harriman (BBH) and Affiliated Managers Group (NYSE:AMG) announced Wednesday a strategic collaboration to bring BBH’s structured and alternative credit investment strategies to the U.S. wealth market. AMG, currently trading at $238.43 and identified as slightly undervalued according to InvestingPro Fair Value analysis, has demonstrated strong market performance with a 40.74% return over the past six months.

As part of the arrangement, BBH has established a new subsidiary, BBH Credit Partners, to house its taxable fixed income and structured credit business. AMG, with its robust financial health score of 2.89 (rated GOOD by InvestingPro) and market capitalization of $6.77 billion, will provide seed capital for new products and make a minority investment in the subsidiary.

BBH, a privately held 200-plus-year-old financial services firm, will maintain sole ownership and operation by its 38 general partners, with AMG’s ownership limited to a minority stake in the new subsidiary.

The partnership combines BBH’s $55 billion taxable fixed income franchise with AMG’s product development expertise and distribution resources. The firms will collaborate to launch a series of structured and alternative credit solutions specifically designed for U.S. wealth clients and their advisors. For detailed insights into AMG’s financial strength and growth potential, investors can access comprehensive analysis through InvestingPro’s exclusive Research Reports, available for over 1,400 US stocks.

"This collaboration is an important milestone in the expansion of our taxable fixed income franchise," said Jeffrey Meskin, Partner and Head of Capital Partners at BBH. "With AMG’s expertise in strategic product development and distribution, BBH Credit Partners will be uniquely positioned to expand its strong presence in the institutional market into the complementary U.S. wealth market."

Thomas M. Wojcik, President and Chief Operating Officer of AMG, said the partnership will "bring together our firms’ complementary strengths" to expand access to BBH’s credit strategies.

The investment is expected to close in the first quarter of 2026, subject to customary conditions. Financial terms were not disclosed.

As of June 30, 2025, AMG’s aggregate assets under management were approximately $771 billion, according to the press release statement.

In other recent news, Affiliated Managers Group has been the subject of several updates from analysts and company announcements. BofA Securities upgraded the company’s stock from Neutral to Buy, raising the price target to $331.00 due to a stronger net flow outlook, particularly from the company’s affiliates AQR and Pantheon. TD Cowen also raised its price target for Affiliated Managers Group, initially increasing it from $255.00 to $287.00 and later to $338.00, while maintaining a Buy rating. These adjustments followed investor meetings with AMG’s senior management and reflect a positive outlook on the company’s performance.

In corporate governance developments, Marcy Engel is set to join the board of Affiliated Managers Group effective September 30, 2025, as Dwight Churchill retires after 15 years of service. Engel brings significant experience from her previous roles, including her time as Chairperson of the board at Sculptor Capital Management and senior positions at Eton Park Capital Management and Citigroup. These recent developments highlight the ongoing strategic and management shifts within the company.

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