TPG Forms Special Purpose Investment Vehicle for Kaseya Holdings Acquisition

Cleary Gottlieb represented TPG in its formation of a new special purpose investment vehicle, TPG Tech Adjacencies II Knockout CI L.P. for the acquisition of Kaseya Holdings L.P.

The co-investment closed on $150 million in LP commitments on May 20, 2022, and on $50 million in LP commitments on June 17, 2022. The co-invest accepted $20 million in additional LP commitments as part of a follow-on investment in Kaseya Holdings L.P. on November 11, 2022.