BNY Mellon and Texas Treasury Safekeeping Trust Company to Exchange Ownership Stakes in Amherst Capital for Minority Interest in Amherst Holdings

BNY Mellon Investment Management (“BNY Mellon”) and Amherst Holdings, LLC (“Amherst” or “Amherst Holdings”), today announced the completion of the transaction through which BNY Mellon has exchanged its majority equity interest in Amherst Capital Management LLC (“Amherst Capital”) for a minority equity stake in Amherst Holdings (“Amherst”). Texas Treasury Safekeeping Trust Company¹ (“TTSTC”), a founding seed investor in Amherst Capital, also completed the exchange of its economic interest in Amherst Capital for an interest in Amherst Holdings. Originally announced on May 14, 2018, the terms of the transaction were not disclosed.