Benzinga | Apr 30, 2021 08:04AM EDT

Affiliated Managers Group Reports Purchase Of Minority Equity Interest In OCP Asia Limited, No Terms Disclosed

Affiliated Managers Group, Inc. (NYSE:AMG), a leading partner to independent active investment management firms, has acquired a minority equity interest in OCP Asia Limited ("OCP Asia"). The partners of OCP Asia continue to hold a significant majority of the equity of the firm and direct its day-to-day operations.

With approximately $3 billion under management, OCP Asia is a leading alternative manager in private markets, providing customized secured lending solutions across the Asia-Pacific region. Based in Hong Kong and Singapore, OCP's experienced team of more than 30 professionals is led by partners Stu Wilson, Teall Edds, and Dan Simmons. Against the backdrop of significant structural demand for credit from sophisticated borrowers in the Asia-Pacific region and an underdeveloped traditional bank-lending infrastructure, OCP Asia has a unique ability to provide dynamic lending solutions which are timely, bespoke, and often more attractive than those offered by traditional capital sources. In addition, with its rigorous investment process and differentiated competitive position, OCP Asia has built a reputation for consistently delivering exceptional risk-adjusted returns.

"OCP Asia operates in the attractive segment of private credit in markets across Asia, and is a highly regarded credit provider in the region," said Jay C. Horgen, President and Chief Executive Officer of AMG. "With the team's 20-year investment track record and extensive set of established local corporate relationships, OCP Asia has distinguished itself as a leader in private credit and secured lending. We are pleased to welcome OCP Asia -- our second Affiliate partnership in the region -- which further enhances AMG's broad participation in private markets and our exposure to growth markets across Asia, where client allocations are increasing. OCP Asia is uniquely positioned to capitalize on the compelling investment opportunities in private credit given the team's highly distinctive credit expertise and excellent long-term track record. I am very pleased to welcome Stu, Teall, Dan, and their partners to our Affiliate group."

"We are excited to partner with AMG, as its unique approach enables OCP Asia to preserve our investment independence and operational autonomy -- which is deeply important to our firm's culture and to our clients given the relationship-based dynamics of direct lending," said Mr. Wilson, OCP Asia Partner. "We are confident that given AMG's three-decade track record as a partner to leading independent firms, as well as its proven strategic capabilities, this partnership will enhance our competitive advantages over time. As a lender to growing businesses, our entrepreneurial culture has been critical to our success and ability to support borrowers, and we are pleased to have found in AMG a partner that shares our commitment to this culture and is aligned with us for the long term. With this new partnership, we are well-positioned to build an enduring, multi-generational, independent investment firm that serves its borrowers and investors with distinction."

The terms of the transaction were not disclosed.