Berkshire Global Advisors acted as financial advisor to Abacus Capital Group LLC
Founded in 2004, Abacus Capital Group LLC is an independent, privately owned U.S. multifamily real estate investment manager. With approximately $2 billion in assets under management, Abacus integrates the best practices of operator and allocator platforms, bringing its deep capabilities in asset management and development to execute on its value-add and core investment strategies.
AMG is a leading partner to independent active investment management firms globally. AMG’s strategy is to generate long-term value by investing in a diverse array of high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG’s unique opportunity set to the areas of highest growth and return. AMG’s innovative partnership approach enables each Affiliate’s management team to own significant equity in their firm while maintaining operational and investment autonomy. In addition, AMG offers its Affiliates growth capital, global distribution, and other strategic value-added capabilities, which enhance the long-term growth of these independent businesses, and enable them to align equity incentives across generations of principals to build enduring franchises. As of June 30, 2021, AMG’s aggregate assets under management were approximately $756 billion across a broad range of return-oriented strategies.
Abacus Capital was seeking to find a strategic partner to preserve its unique business model as a premier manager of US Multifamily Real Estate Assets while putting in place a long term equity succession plan. As AMG’s first investment in a real estate private equity firm, Abacus will enable AMG to gain exposure to the fast-growing U.S. multifamily real estate sector. After the closing of the transaction, Abacus senior management will continue to hold a substantial portion of the equity of the firm and lead its day-to-day operations as an independent firm focused on the needs of its clients.