| Thomas H. Lee completes HighTower secondary, Comvest's D&S Community Services seeks buyer, Five Questions with Growth Catalyst Partners, Thoma Bravo looks to raise SPAC Happy Friday!
The long hold: We're not only seeing more private equity investors selling partial stakes and reinvesting in certain businesses they aren't quite ready to let go of. As such, we’ve got some big secondaries news to wrap up the week.
Thomas H. Lee has closed its single-asset secondary sale of HighTower Advisors, through which the wealth advisor will move out of an older fund and into a continuation vehicle. Read PE Hub's brief. Interestingly, Goldman Sachs not only advised on the transaction alongside Evercore, but simultaneously participated in the process as a buyer.
That’s not all. Amid the successful closing the deal, Goldman has hired Alex Mejia from Lazard to build out its secondary market advisory platform, the firm confirmed for Buyouts. Check out Chris Witkowsky’s full report.
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Note to Readers: It's that time of year ... for the 21st time, the editors of PE Hub and Buyouts honor exceptional buyouts with our Deal of the Year Awards.
Winners are chosen in seven categories: Deal of the Year, Large-Market Deal of the Year, Middle-Market Deal of the Year, Small-Market Deal of the Year, Turnaround of the Year, International Deal of the Year, and Secondaries Deal of the Year.
Go here for more information and to read about rules and methodology. Also check out past winners. Last year, New Mountain took the crown with its exit of Equian.
If you have additional questions, email Private Equity Editor Chris Witkowsky at [email protected].
Also of note (may require subscriptions) SPAC: Thoma Bravo has engaged a bank to help raise a SPAC, which will pursue an acquisition target in the software and technology sector, Reuters reports.
Can't stop: M&A bankers at JPMorgan Chase aren’t poised to have a long Christmas break amid the surge in global dealmaking, the bank’s co-head of global mergers and acquisitions said on Bloomberg TV.
Dining out?: Sun Capital Partners is on its way to selling five restaurant holdings in 2020 alone following a string of bankruptcies over the last 10 years, WSJ Pro reports.
PE Deals 
They said it “It is vital to me that we ensure that we’re giving women of color an opportunity to sit at the table. I’m not saying give them contracts, but ensure that they have an opportunity to sit at the table and bring opportunities that can bring alpha to the table. Please.”
Nilza Serrano, a member of the Los Angeles City Employees’ Retirement System board, said at the close of a November 10 investment committee meeting, Buyouts reports.
Today's letter was prepared by Sarah Pringle. Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. 
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