The Townsend Group Receives Equity Investment from Aligned Asset Managers

The Townsend Group, a Cleveland, Ohio-based large global specialty real estate advisory and investment firm, has received an investment from Aligned Asset Managers, LLC, a portfolio company of private equity firm GTCR.

Following the transaction, Aligned purchased a majority equity interest in the firm along with an expanded group of senior professionals of Townsend. They also entered into long-term employment agreements with the company.

Established in 1983 and led by Terry Ahern and Kevin Lynch, Townsend allocates real estate capital on a discretionary and non-discretionary basis for over 85 leading institutional clients (sovereign wealth funds, pension plans, foundations and endowments and other sophisticated investors) from offices in Cleveland, London, San Francisco, and Hong Kong.
The company, which has a focused real estate platform of 70 employees, has over $100 billion of total advised assets.



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