▁Associ ates ▁and ▁made ▁its ▁first ▁invest ment ▁in ▁ 1 9 9 4 . ▁When ▁He ale y ▁joined ▁AM G ▁as ▁Executive ▁Vice ▁President , ▁the ▁firm ▁had ▁a ▁single ▁invest ment ▁in ▁a ▁manager ▁with ▁under ▁$ 1 ▁billion ▁of ▁assets ▁under ▁management . ▁ ▁With ▁He ale y ▁on ▁board , ▁AM G ▁received ▁its ▁second ▁round ▁of ▁capital ▁and ▁subsequently ▁inv ested ▁in ▁several ▁U . S .- based ▁invest ment ▁fir ms . ▁By ▁October ▁ 1 9 9 6 , ▁AM G ▁had ▁approximately ▁$ 1 8 ▁billion ▁under ▁management . ▁In ▁October ▁ 1 9 9 7 , ▁AM G ▁closed ▁its ▁invest ment ▁for ▁a ▁ 7 0 % ▁st ake ▁in ▁Twe edy , ▁Brow ne ▁Company ▁L LC , ▁a ▁well - known ▁value - orient ed ▁invest ment ▁management ▁firm . ▁ ▁In ▁November ▁ 1 9 9 7 , ▁He ale y ▁led ▁AM G ’ s ▁initial ▁public ▁offering ▁in ▁which ▁the ▁company ▁raised ▁$ 1 7 6 ▁million , ▁pr iced ▁at ▁$ 2 3 . 5 0 ▁per ▁share . ▁With ▁proceed s ▁from ▁the ▁offering , ▁AM G ▁continued ▁to ▁expand , ▁and ▁named ▁He ale y ▁president ▁and ▁chief ▁operating ▁officer ▁in ▁October ▁ 1 9 9 9 . ▁In ▁ 2 0 0 1 , ▁AM G ▁was ▁named ▁in ▁Fort une ▁magazine ’ s ▁list ▁of ▁ 1 0 0 ▁Fast est - G row ing ▁Comp an ies ▁and ▁had ▁approximately ▁$