- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 680 Washington Boulevard, Suite 500 Stamford CT United States of America 06901
- IPO Date
- Feb 24, 2017
- Business
- AMG TimesSquare Mid Cap Growth Fund Class I (TQMIX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets, plus any borrowings for investment purposes, in common and preferred stocks of U.S. mid-capitalization companies defined by the capitalization range of the Russell Midcap Growth Index; it offers Class I shares with a minimum initial investment of $100,000, a net expense ratio of 0.91-0.92%, and daily pricing for institutional and high-net-worth investors. The fund employs a bottom-up, fundamental research-driven process managed by TimesSquare Capital Management, LLC, sub-advisor since the fund's inception on February 24, 2017, focusing on quality growth companies with strong management, sustainable competitive advantages, consistent growth trends, and attractive valuations to outperform the Russell Midcap Growth Index in a risk-controlled manner. It forms part of the AMG Funds family sponsored by AMG Funds LLC, with shares distributed by AMG Distributors, Inc., and targets primarily U.S. institutional clients such as pension plans, endowments, foundations, and intermediaries through vehicles including mutual funds, separately managed accounts, collective investment trusts, and model delivery.
TimesSquare Capital Management, LLC, founded in 2000 and headquartered at 75 Rockefeller Plaza, 30th Floor, New York, NY, serves as the fund's sub-advisor; the firm, an independent majority-owned affiliate of Affiliated Managers Group, Inc. (AMG) since 2004, specializes in growth equity strategies across small to mid-cap U.S., international, emerging markets, and global small cap segments, managing approximately $7.7 billion in total assets as of March 31, 2025. The firm operates primarily in the United States with additional client assets from Canada, Europe, and Asia, employing 43 personnel including 21 investment professionals averaging 23 years of industry experience.
Recent developments include portfolio manager updates, with Edward F. Salib joining the management team on July 1, 2025, for related share classes alongside long-tenured managers Grant Babyak (since 2005) and Sonu Chawla (since 2022), and Mark Grzymski assuming responsibilities on May 1, 2024; the firm maintained its strategy capacity at $20 billion for U.S. Mid Cap Growth as of Q1 2025 amid ongoing performance reporting showing net returns of -3.48% for Q1 2025 relative to the benchmark's -7.12%. In Q2 2025, the U.S. Mid Cap Growth strategy delivered net returns of 12.91% versus the index's 18.20%, reflecting continued emphasis on quality growth amid market volatility. No major acquisitions, funding rounds, or structural reorganizations for the firm or fund were reported in the last 1-2 years, with focus remaining on disciplined portfolio construction and client service through its collaborative, research-intensive process.