New affiliate expands institutional and international client base

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.