TA Associates, a private equity firm, has completed an investment in Evanston Capital Management, a $4.2 billion fund of hedge funds manager.
Evanston Capital, which is headquartered in Evanston, Illinois, was founded in 2002 by David Wagner, former vice president and chief investment officer of Northwestern University.
SEC registered Evanston Capital currently runs two commingled fund of hedge funds products. There are no changes planned to Evanston Capital’s investment philosophy and process, day-to-day operations or personnel.
“This transaction enables our firm to evolve, while allowing us to maintain our culture and our investment decision-making processes, and pursue our business