Amber Infrastructure Group, based in London, is set to merge with US-based Boyd Watterson Asset Management, forming a global diversified real estate, infrastructure, and fixed income asset management platform. The combined entity will manage approximately £29.1 billion in assets, employing over 300 investment personnel across offices in eight US cities and twelve countries.

Amber Infrastructure, established in 2009, manages £14 billion in assets and specialises in mobilising private capital for essential infrastructure projects worldwide. The firm operates across various sectors including public, transport, energy, digital, and demographic infrastructure, with a presence in Europe, North America, Australia, and New Zealand.

Boyd Watterson, founded in 1928 and headquartered in Cleveland, Ohio, manages £14.8 billion across its real estate and fixed income portfolios. The firm is known for bespoke investment solutions that provide attractive, risk-adjusted returns.

Hunt Companies, an investor in both firms, facilitated the merger, recognising the complementary strengths of Amber Infrastructure and Boyd Watterson.

Brian Gevry, CEO of Boyd Watterson, stated: “With the combination of Amber Infrastructure Group, we are broadening our scope and opening up exciting new investment opportunities for our clients. We are both recognised leaders in our asset classes with exceptional talent who continually strive to outperform customer expectations. Now we will have greater reach and ability to build on each team’s respective expertise to deliver products and performance to a global client base.”

Gavin Tait, Amber’s current CEO, will continue to head Amber and oversee its global infrastructure business, reporting to Gevry. He remarked, “We are very excited about integrating with Boyd Watterson and the long-term investment outlook this alignment brings to our customers. Both firms have a keen focus on delivering outstanding client service and proven expertise in partnering with governments around the world. The planned combination will create greater scale for Amber to grow its global infrastructure business, including US infrastructure opportunities, while bringing new opportunities for Boyd Watterson’s clients.”

The merger is subject to client and investor consent processes, as well as approval from the UK Financial Conduct Authority (FCA) and other customary regulatory approvals.