Investing.com -- Affiliated Managers Group Inc (NYSE: AMG )., a firm based in Prides Crossing, Massachusetts, is considering the sale of its minority stake in Comvest Partners, according to Bloomberg News, citing people with knowledge of the matter. Comvest Partners is an alternative-asset manager that oversees approximately $15.7 billion.

AMG is reportedly working with an adviser to garner interest in the stake. According to an anonymous source, any resulting transaction could potentially value Comvest at $700 million or more.

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