AMG acquires minority equity interest in Ara Partners, terms not disclosed

AMG acquired the minority equity interest in Ara Partners previously held by Capital Constellation, an investment platform managed by Wafra Inc., and certain of its affiliated investment vehicles. Ara Partners is a global private markets firm that invests in the transition to a lower-carbon economy, through investments in companies offering scalable technologies, products, or services that address critical issues of decarbonization across a range of essential industries. Founded by co-Managing Partners Charles Cherington and Troy Thacker, and with a senior management team averaging more than twenty years’ experience, Ara Partners’ industry, operating, and technical expertise enables collaboration with portfolio companies to bring decarbonization products and services to market efficiently. With approximately $5 billion in assets under management, Ara Partners has generated growth through strong investment performance as demand accelerates for industrial decarbonization solutions to achieve carbon emission reduction goals. The terms of the transaction were not disclosed. Ara Partners’ management team will continue to direct the firm’s day-to-day operations.