TPG (TPG) and Singapore-based investment company Temasek said Monday they have signed a deal to make a minority investment in Cliffwater, an alternative investment adviser and fund manager.
Financial terms were not disclosed.
TPG and Temasek join existing investor TA Associates, which invested in Cliffwater in 2023, the companies said, adding that Cliffwater's management will maintain majority ownership of the firm and continue to lead the business.
The transaction is expected to close in Q2, the companies said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.