AFFILIATED MANAGERS GROUP, INC.

Affiliated Managers Group, Inc. (NYSE: AMG) operates as a strategic partner to leading independent investment firms globally through its distinctive partnership model. The company's website is www.amg.com.

AMG generates long-term value by investing in high-quality independent partner-owned firms, referred to as Affiliates, while preserving their autonomy and ownership culture. The company's strategy focuses on allocating resources across its unique opportunity set to areas of highest growth and return. As of December 31, 2025, AMG's Affiliates managed approximately $813 billion in assets across alternative and differentiated long-only strategies.

The company's business is organized around three primary strategy categories. Private markets Affiliates managed approximately $146 billion, operating across diverse growing areas within private equity, infrastructure, and related sectors. Liquid alternatives Affiliates managed approximately $227 billion across multi-strategy, global macro, relative value fixed income, and trend-following strategies designed to generate returns with low correlation to broader markets. Differentiated long-only strategies Affiliates managed approximately $312 billion in equities and $128 billion in multi-asset and fixed income strategies.

AMG's partnership structure is distinctive in the investment management industry. Rather than consolidating independent firms, AMG offers bespoke solutions that enable Affiliate management teams to retain significant equity ownership and operational autonomy while accessing AMG's strategic capabilities. These capabilities include access to growth capital, product strategy and distribution through a vertically-integrated U.S. wealth platform, succession planning solutions, and strategic advisory services. The company maintains a vertically-integrated distribution platform with specialized sales teams, strategic relationships capabilities, and marketing expertise serving institutional and wealth clients across the United States, Europe, the United Kingdom, the Middle East, and Asia.

As of December 31, 2025, AMG and its Affiliates employed approximately 5,600 people, with approximately 250 employees at AMG corporate. The company generates revenue primarily through asset-based and performance-based fees earned by its Affiliates on assets under management. AMG's diversified portfolio of Affiliates across complementary strategies enhances earnings stability across market cycles while supporting reinvestment in highest-return opportunities.