BNY Mellon in Amherst ownership switch
May 14, 2018

BNY Mellon Investment Management and Amherst Holdings have today announced an agreement through which BNY Mellon will exchange its majority equity interest in Amherst Capital Management, an investment manager specializing in US real estate, for a minority equity stake in Amherst Holdings.

Concurrently, Texas Treasury Safekeeping Trust Company (TTSTC), a founding seed investor in Amherst Capital, will swap its current economic interest in Amherst Capital for an interest in Amherst Holdings. Following completion, Amherst Capital will be a wholly owned subsidiary of Amherst Holdings.

Formed in 2015 as a partnership between BNY Mellon and Amherst Holdings, Amherst Capital has launched real estate-focused investment strategies that have attracted interest across key markets globally. Fully integrating Amherst Capital's investment services within Amherst Holdings will streamline operations, harmonize executive functions and allow for combined investment in research, client services and other critical tasks. 

This transaction will create more opportunities for Amherst Capital to accelerate its growth and develop new initiatives as a fully integrated business within Amherst Holdings. Amherst Capital's commitment to providing specialized US real estate investment solutions across private debt, private equity and public markets will remain unchanged, with all strategies underpinned by the same research capabilities and investment philosophy. 

BNY Mellon will continue to offer Amherst Capital's real estate solutions to its clients, while benefiting from the ongoing growth and potential to engage with Amherst Holdings on other real estate investment opportunities. This transaction will also enable TTSTC to further strengthen its partnership with Amherst Holdings by broadening its exposure to Amherst Holdings' innovative investment strategies and growth potential.





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BNY Mellon Investment Management and Amherst Holdings have today announced an agreement through which BNY Mellon will exchange its majority equity interest in Amherst Capital Management, an investment manager specializing in US real estate, for a minority equity stake in Amherst Holdings.

Concurrently, Texas Treasury Safekeeping Trust Company (TTSTC), a founding seed investor in Amherst Capital, will swap its current economic interest in Amherst Capital for an interest in Amherst Holdings. Following completion, Amherst Capital will be a wholly owned subsidiary of Amherst Holdings.

Formed in 2015 as a partnership between BNY Mellon and Amherst Holdings, Amherst Capital has launched real estate-focused investment strategies that have attracted interest across key markets globally. Fully integrating Amherst Capital's investment services within Amherst Holdings will streamline operations, harmonize executive functions and allow for combined investment in research, client services and other critical tasks. 

This transaction will create more opportunities for Amherst Capital to accelerate its growth and develop new initiatives as a fully integrated business within Amherst Holdings. Amherst Capital's commitment to providing specialized US real estate investment solutions across private debt, private equity and public markets will remain unchanged, with all strategies underpinned by the same research capabilities and investment philosophy. 

BNY Mellon will continue to offer Amherst Capital's real estate solutions to its clients, while benefiting from the ongoing growth and potential to engage with Amherst Holdings on other real estate investment opportunities. This transaction will also enable TTSTC to further strengthen its partnership with Amherst Holdings by broadening its exposure to Amherst Holdings' innovative investment strategies and growth potential.



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