TJC Chairman and CEO Rich Caputo emphasized that the fund gives TJC the time and capital needed to fuel the growth of key assets. “This transaction will enable us to provide the Fund’s portfolio companies with greater resources, time, and flexibility to execute on these strategies, which will continue to build shareholder value,” Caputo said.
AlpInvest and Other Investors
The $2.1 billion fund is supported by a range of secondary and primary investors, including AlpInvest and participants from the earlier Resolute funds. AlpInvest Managing Director Eric Anton highlighted the strategic alignment of the deal, saying, “We are pleased to expand our partnership with TJC… and look forward to continuing to support value creation across the portfolio.”
Latham & Watkins $2.1B Clinch : Latham & Watkins Role
Latham & Watkins played a key role in guiding TJC through this complex transaction. The firm’s investment funds team was led by partners Matthew Chase and Matthew Wynne, with the mergers and acquisitions team headed by partner Jane Greyf. Partners Gregory Hannibal, Jamie Lynn Walter, and Drew Levin also contributed to the deal.
