TowerBrook Capital Partners finalized a continuation fund for EisnerAmper, the New York-based consulting firm that has surged to become the 13th largest accounting firm in the US. Since its 2021 partnership with TowerBrook, EisnerAmper has expanded via 27 acquisitions, generating over $1.2 billion in annual revenue. Carlyle AlpInvest led the transaction, with Hamilton Lane as co-lead and syndicate investors participating.

This strategic move underscores EisnerAmper’s aggressive expansion strategy, leveraging private equity capital to fuel further growth. The firm’s acquisition spree since 2021 reflects its dominance in the consulting sector, though specifics about the new fund’s size or terms remain undisclosed. Industry analysts suggest this signals strong investor confidence in EisnerAmper’s market position.

The collaboration with Carlyle AlpInvest and Hamilton Lane highlights the competitive nature of continuation funds, where private equity firms secure follow-on capital to sustain momentum. For EisnerAmper, this ensures resources to scale operations and maintain its rapid growth trajectory.

Why this matters: Continuation funds often stabilize growth post-IPO or major exits, but in this case, they amplify EisnerAmper’s ability to outpace rivals. With $1.2 billion in revenue and a history of 27 acquisitions, the firm’s reliance on such financing mechanisms highlights its appetite for expansion. Investors and competitors alike will monitor how this capital infusion impacts EisnerAmper’s dominance in the consulting landscape.