In Q2 2026, AMG reported record aggregate assets under management of approximately $942 billion, marking a 22% increase year-over-year and fueling a 46% rise in aggregate fees. Its distinctive approach, partnering with autonomous Affiliates that retain significant equity, enables AMG to diversify across private markets, liquid alternatives, and long-only strategies. This diversification fosters stable earnings and positions the firm well against industry pressures such as market volatility and fee compression. Capital deployment remains focused on investing in high-growth Affiliates and strategic value-add capabilities while maintaining an investment-grade balance sheet.