AMG Nabs Private Equity Manager Pantheon For $775M

Law360, New York (February 10, 2010, 12:40 PM EST) -- Affiliated Managers Group Inc. has announced a deal to purchase Pantheon Ventures, a private equity fund-of-funds manager, from Russell Investments for $775 million.

AMG will use available cash and existing credit facility to finance the purchase, which is expected to close in the second quarter of this year, the company said in a statement Wednesday. It will make payments over the next five years, with possible additional incentives based on the growth of Pantheon’s business, the statement said.

Twenty-one management partners at Pantheon will enter into...
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