AMG Announces Partnership with Inclusive Capital Partners, Following Completion of ValueAct Capital Long-Term Succession Plan - Seite 2

“AMG generally – and Jay Horgen specifically – have been valued partners to ValueAct for 13 years, having helped the firm to set in place a successful generational succession plan, standing by ValueAct across investment successes and challenges, and supporting ValueAct’s growth through its global distribution platform – and the In-Cap team is pleased that AMG will partner with us from inception,” said Mr. Ubben. “In-Cap will seek to demonstrate that high returns should accrue to businesses that responsibly and creatively address environmental and societal problems by using sustainable business models, and we have partnered with stakeholders who we believe are world pioneers in wildlife, conservation, governance, and social equality to help encourage companies to embrace these principles. I am thrilled to announce the formation of Inclusive Capital Partners as the next iteration of my investing career.”

Inclusive Capital Partners will focus on proving that outsized returns are available to those who can work successfully with management teams and boards and demonstrate the courage to lead on solutions to climate change and social inequity.  In addition to Mr. Ubben, In-Cap founders include George F. Hamel, Jr., co-founder of ValueAct; Lynn Forester de Rothschild, Founder and CEO of the Coalition for Inclusive Capitalism, a not-for-profit organization devoted to advancing economic and social inclusion; and Eva Zlotnicka, a ValueAct Managing Director who worked with Mr. Ubben to launch the Spring Fund. In-Cap will be headquartered in San Francisco.

ValueAct’s succession plan was initially established in 2007, as part of AMG’s investment in the firm, when G. Mason Morfit, now Partner, Chief Executive Officer, and Chief Investment Officer, was established as Mr. Ubben’s successor. Having led successful investments in Microsoft Corporation, Morgan Stanley, KKR & Co., CR Bard, and many others, Mr. Morfit helped to build ValueAct’s reputation in corporate governance, and defined the “VAC toolkit” of analytics and services brought to each portfolio company to build long-term value for the companies and ValueAct clients. Mr. Morfit was named President in 2013, CIO in 2017, and CEO in 2019, and today leads an outstanding second- and third-generation partnership group and team of investment professionals.