HARTFORD, Conn., July 2, 2018 /PRNewswire/ -- Virtus Investment
Partners, Inc. (NASDAQ: VRTS), which operates as a multi-boutique
asset manager, completed, effective July 1,
2018, its previously announced majority investment in
Sustainable Growth Advisers (SGA), an investment manager
headquartered in Stamford,
Connecticut that specializes in high-conviction U.S. and
global growth equity portfolios.
SGA uses a team-oriented approach and a consistent investment
philosophy based on fundamental research to create U.S., global,
and international growth equity strategies. It manages $11.6 billion1 of assets primarily for
institutional clients in the U.S., Europe, Middle
East, and Asia-Pacific. The
transaction further diversifies Virtus' investment strategies,
expands its institutional and international client base, and
increases total assets.
As previously disclosed, in connection with the closing, the
transaction was financed with balance sheet resources and
$105.0 million from additional
borrowing on the company's term loan.
About Sustainable Growth Advisers
Sustainable Growth Advisers is a growth equity manager focused
on providing high-conviction U.S., global, and international
portfolios primarily for institutional clients. Its approach is
designed to generate attractive absolute and relative returns over
time by aligning client objectives with differentiated global
businesses that offer predictable, sustainable growth and have the
ability to generate meaningful wealth.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors.
The company provides investment management products and services
through its affiliated managers and select subadvisers, each with a
distinct investment style, autonomous investment process, and
individual brand. Virtus Investment Partners offers access to a
variety of investment styles across multiple disciplines to meet a
wide array of investor needs. In addition to SGA, Virtus'
affiliates include Ceredex Value Advisors, Duff & Phelps
Investment Management, Kayne Anderson Rudnick Investment
Management, Newfleet Asset Management, Rampart Investment
Management, Seix Investment Advisors, Silvant Capital Management,
and Virtus ETF Solutions. Additional information can be found at
virtus.com.
1 As of March 31,
2018
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SOURCE Virtus Investment Partners, Inc.