AAM Announces New Strategic Investors

Asset Allocation & Management Company, LLC (AAM), a fixed income asset management firm that specializes in providing investment management services to the insurance industry, is pleased to announce that Trident IV, L.P., a private equity fund managed by Stone Point Capital LLC, has acquired a majority interest in AAM.

KBW Capital Partners is acquiring a minority interest in AAM alongside Trident. Terms of the transaction were not disclosed.

Stone Point Capital and KBW Capital Partners will be purchasing their interests in AAM from funds managed by Century Capital Management, which has owned a majority interest in AAM since 2003. In connection with the transaction, each member of the management team of AAM will make an additional investment in AAM to increase their ownership interest in the company.

John L. Schaefer, President of AAM, said, "The AAM management team is pleased to be working with Stone Point Capital and KBW Capital Partners as we move into the next phase of the development of our business. In partnership with Stone Point and KBW, AAM will be a stronger organization with access to greater resources and expanded research capabilities to benefit our clients. We share a common view of management and governance with our new strategic partners and there will be no change to AAM's management team, employees, client service focus or culture.

We would also like to acknowledge the many contributions of Century Capital Management to the growth of our business over the last several years. We have enjoyed our relationship with Century and wish them continued success."

Stone Point Capital CEO, Charles A. Davis added, "We are delighted to be partnering with the management team at AAM. AAM has an outstanding client list and an impressive performance record over many years. We look forward to working with the AAM management team in continuing to build their business." -- Asset Allocation & Management Company, LLC

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