US-based asset manager AMG has expanded its global private markets business with the acquisition of a minority stake in US and Europe real estate manager HighBrook Investors.
AMG is acquiring the unspecified minority interest in the manager specialising in value-add opportunities real estate assets, including European last‑mile logistics, US data centres and special situations.
HighBrook’s leadership team will retain majority ownership and continue to oversee day-to-day operations following the deal.
Financial details were undisclosed.
Established in 2010, HighBrook is led by co-founder and managing partner Brian R Carr.
Jay C Horgen, CEO of AMG, said: “We are pleased to partner with HighBrook, a real estate manager operating across the US and Europe with a differentiated value-add approach that integrates investment and sector expertise with dedicated operating capabilities.
“Given HighBrook’s proven ability to generate excellent returns for clients and its focus on areas of real estate with long-term secular tailwinds – from last-mile logistics driven by e‑commerce growth to accelerating demand for data centers amid the rapid expansion of digital infrastructure – we are confident in the firm’s forward prospects.”
Carr said: “We were drawn to AMG for its decades of experience as a strategic partner to independent firms, its long-term orientation, and its global reputation for collaborative partnership.
“AMG’s unique partnership approach provides HighBrook with access to strategic capabilities and growth capital to advance our long-term objectives while maintaining our independence and enhancing our entrepreneurial culture.
“This partnership will further our ability to scale our platform and pursue attractive opportunities across our investment strategies for the benefit of our clients.”
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