Kline Hill Partners (an investment firm focused on the private equity secondary market) announced a strategic minority investment from leading global private equity firm TA Associates. This partnership will support Kline Hill’s continued specialization at scale, utilizing TA’s deep experience in asset and wealth management.
Based in Greenwich, Connecticut, with offices in Zurich and the Philippines, Kline Hill has capabilities spanning LP fund transfers, GP-led, and secondary direct transactions in private equity, venture capital, growth equity, and other private capital strategies.
Since its founding in 2015, Kline Hill has raised five fund series, representing over $5.4 billion in assets under management from a diverse blue-chip investor base that includes endowments, foundations, family offices, and other institutional investors. Kline Hill closed or signed over 160 deals in 2024 and over 625 since its inception. Having transferred about 3,000 interests, Kline Hill is a leader in the small-deal secondaries market with a wide range of experience in relationships and data.
Deal details: The terms of the transaction were not disclosed. And the deal is expected to close in the second quarter of 2025, subject to customary closing conditions.
Advisors: Morgan Stanley is serving as exclusive financial advisor to Kline Hill, while Kirkland & Ellis is providing legal counsel. And Goodwin Procter is providing legal counsel to TA.
KEY QUOTES:
“TA’s investment is a strong endorsement of Kline Hill’s strategy, our team and our future. Over the last decade, we’ve focused on delivering top returns for our clients by investing in underserved sectors of the secondary market such as smaller LP and GP-led transactions. Partnering with TA marks an exciting new chapter as we build our team and technology platform, while developing deeper investment expertise.”
Michael Bego, Managing Partner and Founder of Kline Hill
“We believe TA’s focus on returns for investors and long-term, sustainable growth makes them an ideal partner for Kline Hill.”
– Priya Karkar, Head of Investor Relations at Kline Hill
“TA has been at the forefront of supporting growth and innovation in the asset management and wealth management markets for several decades. Kline Hill stands out with its tailored sourcing model, compelling solutions and longstanding leadership in the small-deal secondary market. We are proud to support Kline Hill’s growth and meaningfully expand employee ownership alongside Mike Bego, with a shared goal of building lasting value for Kline Hill’s clients, employees and owners.”
Roy Burns, Managing Director at TA
“We’re excited to support Kline Hill’s continued growth trajectory. Kline Hill’s investment and operational teams are impressive, and we believe the Firm is well-positioned to continue its superb growth record.”
Rodrigo Bassit, Vice President at TA
