Goodwin advised TA Associates on an agreement to be joined by new investors TPG and Temasek in their substantial minority investment in Cliffwater LLC, an independent alternative investment adviser and fund manager. Following the transaction, Cliffwater’s management team will retain majority control of the Firm and continue to lead the business. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions.
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries—technology, healthcare, financial services, consumer and business services. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong.
The Goodwin team was led by Mike Kendall and Josh Soszynski and included Brynn Peltz, George Davis, Steven Clemens, Rich Matheny, Seth Greenstein and Ben See.
For more information on the deal, please read the press release and coverage in PE Hub and WealthManagement.