Aligned Asset Managers, a portfolio company of private equity firm GTCR, has completed its investment in The Townsend Group.
Townsend, established in 1983, is the largest global specialty real estate advisory and investment firm, with over USD100 billion of total advised assets. Townsend allocates real estate capital on a discretionary and non-discretionary basis for over 85 leading institutional clients from offices in Cleveland, London, San Francisco, and Hong Kong.
Led by Terry Ahern and Kevin Lynch, Townsend has a focused real estate platform of 70 employees.
In the Townsend transaction, Aligned purchased a majority equity interest in Townsend. An expanded group of Townsend’s senior professionals will hold a substantial equity interest in the firm and have entered into long-term employment agreements with the firm.