Transactions


$5.5 billion AUM

has sold a minority interest to

has sold a minority interest to

Financial advisor to K2 Advisors

April 2007

Freeman & Co. Advised K2 Advisors on Sale of Minority Interest to TA Associates
Date
April 2007
Industry
Asset Management
Transaction
Sell-Side M&A

K2 Advisors to sell minority interest to TA Associates

March 27, 2007 (New York, NY) - Freeman & Co. LLC, a leading independent advisor to the financial services industry, announced today that it advised K2 Advisors, a $5.5 billion hedge fund of funds, on the sale of a minority interest in the firm to TA Associates, a leading private equity buyout firm based in Boston.

“This transaction represents the trend of continued institutionalization of the alternative asset management sector,” said Jim Freeman, Managing Partner.

“Successful firms such as K2 Advisors continue to build their businesses to meet the increasingly sophisticated needs of their institutional clients, and this transaction will allow K2 to do that while maintaining their independence,” said Eric Weber, Managing Director & COO.

In addition to K2 Advisors, Freeman & Co. has advised on numerous alternative asset manager transactions, including those involving The Bank of New York, Guggenheim Capital, Hamilton Lane, Ivy Asset Management, Javelin Fund Ltd., Lyra Capital, Urdang Capital Management and Zurich Capital Markets.