TA Associates announces strategic growth investment in Caprock
BOSTON–(COMMERCIAL THREAD) – TA Associates, a leading global growth private equity firm, today announced that it has signed a definitive agreement to make a strategic growth investment in Caprock, a leading private multi-family office. Financial terms of the transaction were not disclosed.
Founded in 2005, Caprock offers personalized wealth solutions to high net worth individuals, families and certain foundations. The company acts as an investment manager and outsourced CFO, serving as a trusted partner for those seeking objective advice on their entire balance sheet. Caprock advises on more than $ 7.5 billion in client assets, with particular focus and expertise in non-public markets. Additionally, Caprock is a market leader with a long-standing, principled approach to impact investing, having deployed over $ 1.5 billion in impact-focused capital across all classes. of assets. Caprock serves clients from offices in San Jose, Seattle, Newport Beach, New York, Park City and Boise.
“Caprock has become a recognized leader in the rapidly growing multi-family office market,” said Clara Jackson, Director of TA who will join the Caprock Board of Directors. “This investment provides TA with a compelling opportunity to partner with the talented team at Caprock to further evolve the company’s platform and solution set. ”
“We have known the TA team for several years and are delighted to welcome the company as an investor in Caprock,” said William G. Gilbert, Jr., Co-Founder and Managing Director of Caprock. “Given TA’s many years of experience investing in wealth management companies, helping them grow organically and through acquisitions, we are confident that the company will be a true partner. value-added. We look forward to the benefits this relationship will bring to Caprock and our customers. ”
“We built Caprock from the start to focus on alignment, access and expertise for the benefit of our clients,” said Gregory Brown, Co-Founder and CEO of Caprock. “TA’s philosophy of serving as a long-term investor directly reflects our approach. We are delighted to be working with a world class partner to implement our vision. ”
“The multi-family office market is large and growing and remains very fragmented,” said Roy Burns, Managing Director of TA who will also join the Caprock Board of Directors. “Caprock’s extensive experience in this market, along with its expertise in non-public and impact investing, sets the company apart as a leader that we believe will continue to grow its market share. ”
Stoel Rives LLP provided legal advice to Caprock. Goodwin Procter LLP provided legal advice to TA.
Founded in 2005, Caprock, one of the founding companies of B Corporation, is a multi-family office with offices in San Jose, Seattle, Newport Beach, New York, Park City and Boise. The company is an SEC-registered investment adviser that advises on more than $ 7.5 billion in client assets. You can find more information about Caprock at www.caprock.com.
About TA Associates
TA is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – the company invests in profitable and growing businesses offering opportunities for sustained growth, and has invested in more than 550 companies around the world. Investing as a majority or minority investor, TA takes a long-term approach, using its strategic resources to help management teams create lasting value in high quality growth companies. TA has raised $ 47.5 billion in capital since its inception in 1968. The company’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. You can find more information about TA at www.ta.com.