TA Associates backs MBO of Goldman Sachs Australian fund platform

September 29, 2016

On September 14, 2016, TA Associates announced that had signed a definitive agreement to back a management buyout of Goldman Sachs Asset Management’s Australian focused investment capabilities and fund platform.

Dion Hershan will be Managing Director of the new standalone entity and will continue to lead the Australian Equities investment team, along with Katie Hudson who will co-lead the Australian Equities team. Roy Keenan will become the Fixed Income Portfolio Manager.

The transaction is expected to close by the end of the year, subject to customary approvals. The financial terms of the deal were not disclosed.

Goldman Sachs Asset Management is the asset management arm of The Goldman Sachs Group, Inc., which oversees over $1 trillion in assets as of June 30, 2016.

TA Associates is a private equity firm that has invested in more than 460 companies globally and has raised $24 billion in capital.

To read the press release: please click here.


Categories

Hedge Fund M&A, Hedge Fund Private Equity, Investment Manager M&A, Investment Manager Private Equity, Mutual Fund M&A, Mutual Fund Private Equity, Transactions