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US Bancorp Asset Management Group (AMG)
US Bancorp Asset Management Group (AMG) is a fund-of-funds manager within U.S. Bank, allocating to venture and private equity funds from Minneapolis.
US Bancorp Asset Management Group (AMG)
US Bancorp Asset Management Group (AMG) serves as a manager-of-managers platform housed inside U.S. Bank, the Minneapolis-based regional banking giant with over $680 billion in assets. Though its founding year is not publicly stated, the group has existed for several decades, allocating capital to external venture capital and private equity fund managers. AMG does not disclose its own AUM or deployment figures. The group's strategy focuses on constructing diversified portfolios of third-party funds, spanning venture capital and private equity. AMG conducts manager selection, due diligence, and ongoing monitoring on behalf of institutional clients. It does not make direct investments or co-investments, acting instead as a fund-of-funds allocator. Geographic coverage includes North America and select global markets. AMG's team size is not publicly specified, nor are specific professionals named in marketing materials. The group operates solely from its Minneapolis headquarters with no disclosed additional offices. Recent activity is limited; the group has not publicly highlighted a new mandate or platform change within the last 24 months. The structural differentiator for AMG is its position within a major bank-owned trust and asset management division. Unlike independent fund-of-funds firms, AMG benefits from U.S. Bank's institutional relationships and compliance infrastructure. Its lack of a separate brand or disclosed performance metrics keeps the group opaque compared to independent counterparts.
General information
Firm type
Generic
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Minneapolis
Corporate office
Minneapolis, MN, United States
Sector focus
Frequently asked questions
Who manages investment decisions at US Bancorp AMG?
US Bancorp AMG does not publicly name its investment team or CIO. Decision-making is handled internally within the asset management division of U.S. Bank.
Does AMG make direct investments or co-investments?
No. AMG operates as a fund-of-funds manager, allocating capital to third-party venture capital and private equity fund managers. It does not directly invest in companies or participate in co-investments.
What investment stages does AMG target through its fund allocations?
AMG covers venture capital and private equity, likely spanning early-stage through buyout funds. The group does not publicly specify a stage bias within these asset classes.
Is US Bancorp AMG part of the broader U.S. Bank?
Yes. AMG is an internal division of U.S. Bank's asset management group, one of the largest US regional banks with over $680 billion in total assets.
How does AMG source its fund managers?
AMG conducts manager selection through internal due diligence and existing U.S. Bank relationships. The firm does not publicly disclose its sourcing methodology or a list of partner funds.
What is AMG's known geographic investment focus?
The group focuses primarily on North America, with potential exposure to select global venture and private equity funds.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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