Location: Dallas, Texas
Investment Focus/Specialty: Growth Equity
Firm Summary
Smith Group Asset Management ("Smith Group") is a registered independent investment advisor founded
in 1995. Smith Group manages a variety of U.S. quantitative-driven equity investment strategies,
including Large-Cap Core/Growth, Large-Cap Growth and Small Cap for institutions, families and individuals.
Smith Group builds risk-controlled equity portfolios designed to preserve capital in market downturns and generate
consistent, competitive returns.
Transaction Summary
Smith Group used AMF’s investment to repurchase minority stakes held buy two institutional investors and to
allocate the repurchased equity to key personnel within the organization. With the help of AMF’s investment
the Smith Group became a 100% employee-owned firm for the first time in its existence.
Partner Firm Perspective
"We looked at a number of financing options - banks, private equity and hedge funds. We felt we needed someone
more creative. No other capital solution we looked at came close to AMF’s structure in the way that it allowed
us to achieve our independence," said Stephen Smith, founder and CEO. "As a result of the transaction, we now
have the autonomy to determine how our business should be run. The AMF solution is a plus for our clients and
employees as it increases our firm’s stability. We are now working for ourselves. We plan on leveraging AMF’s
knowledge where possible, as they have an experienced team of investment professionals, as well as their network
of partner firms and contacts. We expect AMF to be a great resource for us as we continue to grow our firm."