TPG and Temasek to acquire a minority stake in Cliffwater.

TPG, an American private equity firm, and Temasek, a Singapore based investment company, agreed to acquire a minority stake in Cliffwater, an independent alternative investment adviser and fund manager. Financial terms were not disclosed. “The continued support of TA and new investment from TPG and Temasek mark an exciting milestone in Cliffwater’s journey as a fund manager and allocator. Their partnership reflects the strength of our platform and ability to deliver innovative, differentiated solutions to our institutional, high-net-worth and retail investors. We’re excited to continue expanding our reach and delivering value for our clients and investors,” Stephen Nesbitt, Cliffwater Founder and CEO.