AMG, a leading partner to independent investment management firms globally, today announced that it acquired a minority equity interest in Suma Capital ("Suma").
Suma is a pan-European private markets firm that invests in the transition to a lower carbon economy, a sector with increasing client allocations and deployment opportunities across Europe. Led by co-founders Enrique Tombas, David Arroyo, and Pablo Muller, Suma has approximately $800 million in assets under management primarily across infrastructure and growth strategies. The partnership marks AMG's ninth private markets Affiliate, further evolving AMG's business toward secular growth areas.
The terms of the transaction were not disclosed. Suma's partners will continue to hold a significant majority of the equity of the firm and direct its day-to-day operations.