AMG TimesSquare Mid Cap Growth Fund (TMDPX) is an open-end mutual fund managed by Affiliated Managers Group, Inc. (AMG) through its TimesSquare Capital Management subsidiary, focusing on long-term capital appreciation by investing primarily in equity securities of mid-cap growth companies with market capitalizations generally between $2 billion and $20 billion. The fund employs a fundamental, bottom-up research process to select domestic and foreign companies demonstrating sustainable business models, strong management teams, and attractive growth prospects across diverse sectors including technology, healthcare, consumer discretionary, industrials, and financials; it maintains a diversified portfolio typically comprising 60 to 90 holdings with sector allocations guided by bottom-up opportunities rather than strict benchmarks. AMG TimesSquare Mid Cap Growth Fund serves institutional and retail investors seeking exposure to mid-cap growth equities, benchmarking performance against the Russell Midcap Growth Index, and operates globally with primary investments in U.S.-listed securities while permitting up to 20% in non-U.S. issuers.
Established in 2000 and based in New York City at the headquarters of TimesSquare Capital Management, the fund benefits from AMG's affiliate structure, which provides affiliated investment managers with resources while maintaining operational independence. In recent developments, the fund maintained its strong performance track record amid market volatility, with TimesSquare Capital Management celebrating its 25th anniversary in 2024 by emphasizing enhanced portfolio manager experience and refined growth stock selection criteria; additionally, AMG Funds announced portfolio manager transitions in select strategies during 2024 to bolster expertise in high-growth mid-cap segments, alongside the launch of complementary ESG-integrated offerings within the AMG platform to address evolving investor demands. The fund remains part of AMG's broader suite of boutique investment strategies, targeting sophisticated investors through broker-dealers, financial advisors, and retirement plans across North America and select international markets.