Wealth management firm Hightower announced today that investor Thomas H. Lee Partners has closed a secondary transaction with the firm. The latest commitment provides new capital to help “optimize Hightower’s value-creation potential and growth strategy,” according to the firms. THL, a private equity investment firm, originally invested in Hightower in 2018 with a $100 million stake. The firm will continue to be the lead investor in a new vehicle dedicated to Hightower that includes investments from funds advised by Goldman Sachs, Neuberger Berman and Coller Capital.