AMG Announces Partnership with NorthBridge Partners
AMG has acquired a minority equity stake in NorthBridge Partners, a real estate investment manager specializing in industrial logistics assets. NorthBridge manages approximately $2 billion in assets, focusing on last-mile logistics properties in major markets.
Led by partners Greg Lauze, Dean Atkins, and David Aisner, NorthBridge operates in a high-growth sector driven by e-commerce growth, increasing demand for shorter delivery times, and supply chain onshoring. The partnership aims to leverage AMG's strategic capabilities while maintaining NorthBridge's independence and majority ownership.
This strategic move broadens AMG's participation in private markets and aligns with their focus on investing in secular growth areas. The financial terms of the transaction were not disclosed.
AMG ha acquisito una partecipazione azionaria di minoranza in NorthBridge Partners, un gestore di investimenti immobiliari specializzato in beni logisitici industriali. NorthBridge gestisce circa 2 miliardi di dollari in attivi, concentrandosi su proprietà logistiche last-mile nei principali mercati.
Guidata dai partner Greg Lauze, Dean Atkins e David Aisner, NorthBridge opera in un settore ad alta crescita, sostenuto dall'espansione dell'e-commerce, dall'aumento della domanda di tempi di consegna più brevi e dal reshoring della catena di fornitura. Il partenariato mira a sfruttare le capacità strategiche di AMG mantenendo l'indipendenza e la maggioranza di NorthBridge.
Questa mossa strategica amplia la partecipazione di AMG nei mercati privati e si allinea al loro obiettivo di investire in aree di crescita laica. I termini finanziari della transazione non sono stati divulgati.
AMG ha adquirido una participación de capital minoritaria en NorthBridge Partners, un gestor de inversiones inmobiliarias especializado en activos logísticos industriales. NorthBridge gestiona aproximadamente 2 mil millones de dólares en activos, centrándose en propiedades logísticas de última milla en los principales mercados.
Dirigido por los socios Greg Lauze, Dean Atkins y David Aisner, NorthBridge opera en un sector de alto crecimiento impulsado por el crecimiento del comercio electrónico, el aumento de la demanda de tiempos de entrega más cortos y la reubicación de la cadena de suministro. La asociación busca aprovechar las capacidades estratégicas de AMG mientras mantiene la independencia y la propiedad mayoritaria de NorthBridge.
Este movimiento estratégico amplía la participación de AMG en los mercados privados y se alinea con su enfoque en invertir en áreas de crecimiento secular. Los términos financieros de la transacción no fueron divulgados.
AMG는 산업 물류 자산에 특화된 부동산 투자 관리자 NorthBridge Partners의 소수 지분을 인수했습니다. NorthBridge는 주요 시장에서 마지막 단계 물류 부동산에 집중하며 약 20억 달러의 자산을 관리하고 있습니다.
Greg Lauze, Dean Atkins, David Aisner가 이끄는 NorthBridge는 전자상거래 성장, 짧은 배송 시간에 대한 수요 증가, 공급망 내재화에 의해 촉진되는 고성장 분야에서 운영되고 있습니다. 이 파트너십은 NorthBridge의 독립성과 지배적 소유권을 유지하면서 AMG의 전략적 능력을 활용하는 것을 목표로 하고 있습니다.
이 전략적 이동은 AMG의 사적 시장 참여를 확대하고 세속적인 성장 분야에 대한 투자에 대한 그들의 초점과 일치합니다. 거래의 재정적 조건은 공개되지 않았습니다.
AMG a acquis une participation minoritaire dans NorthBridge Partners, un gestionnaire d'investissements immobiliers spécialisé dans les actifs logistiques industriels. NorthBridge gère environ 2 milliards de dollars d'actifs, en se concentrant sur des propriétés logistiques de dernier kilomètre dans les principaux marchés.
Dirigé par les partenaires Greg Lauze, Dean Atkins et David Aisner, NorthBridge opère dans un secteur à forte croissance, alimenté par l'essor du commerce électronique, une demande croissante de délais de livraison plus courts et la relocalisation des chaînes d'approvisionnement. Le partenariat vise à tirer parti des capacités stratégiques d'AMG tout en maintenant l'indépendance et la propriété majoritaire de NorthBridge.
Ce mouvement stratégique élargit la participation d'AMG sur les marchés privés et s'aligne sur leur objectif d'investir dans des domaines de croissance séculaire. Les conditions financières de la transaction n'ont pas été divulguées.
AMG hat eine Minderheitsbeteiligung an NorthBridge Partners erworben, einem Immobilieninvestmentmanager, der auf industrielle Logistikimmobilien spezialisiert ist. NorthBridge verwaltet etwa 2 Milliarden Dollar an Vermögenswerten und konzentriert sich auf Last-Mile-Logistikimmobilien in großen Märkten.
Geleitet von den Partnern Greg Lauze, Dean Atkins und David Aisner, operiert NorthBridge in einem wachstumsstarken Sektor, der durch das Wachstum des E-Commerce, die steigende Nachfrage nach kürzeren Lieferzeiten und das Onshoring von Lieferketten vorangetrieben wird. Die Partnerschaft zielt darauf ab, die strategischen Fähigkeiten von AMG zu nutzen und gleichzeitig die Unabhängigkeit und Mehrheitseigentümerschaft von NorthBridge zu wahren.
Dieser strategische Schritt erweitert die Teilnahme von AMG an den privaten Märkten und stimmt mit ihrem Augenmerk überein, in sekuläre Wachstumsbereiche zu investieren. Die finanziellen Bedingungen der Transaktion wurden nicht bekannt gegeben.
- Expands AMG's presence in high-growth industrial logistics sector
- Adds $2 billion in AUM through strategic partnership
- Provides exposure to secular growth trends (e-commerce, supply chain optimization)
- Maintains existing management structure with significant majority ownership
- None.
Insights
This strategic partnership marks a significant expansion of AMG's alternative investment portfolio, specifically targeting the high-growth industrial logistics sector. NorthBridge's $2 billion AUM and specialized focus on last-mile logistics properties provides AMG with calculated exposure to three powerful secular trends:
- Accelerating e-commerce penetration driving demand for strategically located warehousing
- Consumer expectations for rapid delivery necessitating expanded last-mile infrastructure
- Supply chain reorganization and onshoring creating new industrial space requirements
The deal structure maintains NorthBridge's operational independence while providing them access to AMG's institutional capabilities and growth capital - a proven model that has historically driven strong returns for AMG's affiliate partnerships. For AMG investors, this represents a strategic diversification into real assets with strong inflation-protection characteristics and recurring income potential.
The timing is particularly noteworthy as industrial real estate continues to maintain high occupancy rates and rising rents despite broader market volatility. NorthBridge's vertically integrated approach, combining acquisition, repositioning and development capabilities, provides multiple value-creation levers that could generate attractive risk-adjusted returns through market cycles.
This partnership taps into a robust segment of commercial real estate where demand consistently outpaces supply. Last-mile logistics facilities, NorthBridge's specialty, command premium valuations due to their critical role in modern supply chains and availability in dense urban markets. Their focus on major markets provides natural barriers to entry and pricing power.
NorthBridge's vertically integrated model is particularly valuable in the current market environment where:
- Development sites in prime locations are increasingly scarce
- Repositioning existing assets often offers better risk-adjusted returns than new development
- Local market expertise and relationships are critical for sourcing opportunities
- Operational efficiency is key to maintaining competitive advantages
The strategic locations of their assets in major markets, combined with the ongoing transformation of retail supply chains, suggests strong potential for both NOI growth and capital appreciation. The firm's ability to both acquire and develop properties provides flexibility to pursue the most attractive risk-adjusted opportunities across market cycles.
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WEST PALM BEACH, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it acquired a minority equity interest in NorthBridge Partners, LLC (“NorthBridge”).
NorthBridge is a leading vertically integrated real estate investment manager specializing in industrial logistics assets, a high-growth sector benefiting from the expanding digital economy and evolving supply chain dynamics. With approximately
“Our partnership with NorthBridge broadens AMG’s participation in private markets and underscores our focus on investing in areas of secular growth,” said Jay C. Horgen, President and Chief Executive Officer of AMG. “Given the growing demand for industrial logistics assets, and the entrepreneurialism of its principals, NorthBridge has excellent forward prospects, and AMG’s strategic partnership solutions can magnify the firm’s long-term success. I am delighted to welcome Greg, Dean, David, and their partners to our Affiliate group.”
“AMG’s unique partnership approach provides NorthBridge with access to strategic capabilities and growth capital to further our long-term objectives and maintain our independence,” said Mr. Lauze. “We are pleased to have found in AMG a partner that shares our commitment to entrepreneurial values and is aligned with us for the long term. We are confident that our partnership will enhance our competitive advantages, which will benefit both our clients and the Northbridge team.”
“We are operating in a rapidly evolving sector, characterized by transformative trends that generate compelling investment opportunities,” added Mr. Atkins. “Our partnership with AMG will enable us to capitalize on these trends as we further invest in our operational capabilities, increasingly differentiating our firm, to enhance our long-term success.”
The terms of the transaction were not disclosed. The management team of NorthBridge will continue to hold a significant majority of the equity and direct the firm’s day-to-day operations.
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, 2024, AMG’s aggregate assets under management were approximately
About NorthBridge Partners
NorthBridge Partners, LLC, founded in 2014, is a vertically integrated real estate investment manager specializing in last-mile logistics properties, acquiring, repositioning, and developing strategically located industrial real estate assets in major markets. NorthBridge has completed over 100 transactions totaling over 15 million square feet throughout its history and currently has approximately
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. 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.
AMG Media & Investor Relations:
Patricia Figueroa
(617) 747-3300
ir@amg.com
pr@amg.com
FAQ
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