Keeley Asset Management Corp. Announces Minority Investment From TA Associates and...

Keeley Asset Management Corp. Announces Minority Investment From TA Associates
and Employee Equity Participation Plan

CHICAGO, July 23 /PRNewswire/ -- Keeley Asset Management Corp., a leading
mutual fund and investment advisory firm, and its sister company Keeley
Investment Corp. announced a minority investment from Boston based TA
Associates, one of the oldest and largest private equity firms in the U.S.
with a long history of investing in asset management firms. The Keeley family
will remain the majority owners and are committed to maintaining the firm's
corporate culture focusing on investment performance and client service.
Furthermore, Keeley also announced a plan to provide for equity incentives for
its key investment and operational personnel.
Founded by John L. Keeley, Jr. in 1982, Keeley Asset Management manages
equity for corporations, pension plans, foundations, endowments and
individuals, using a bottom-up value-based investment approach that focuses on
small to mid-cap companies undergoing internal corporate restructuring. In
addition, Keeley Investment Corporation is a registered broker-dealer which
underwrites and distributes the Keeley family of mutual funds. In recent
years, Keeley has significantly increased its assets under management, a
result of its unique investment style and strong performing products. As of
June 30, the company had in excess of $10.0 billion under management. The
firm's flagship product, the Keeley Small Cap Value Fund (KSCVX), has
significantly outperformed its respective benchmarks since its inception and
has a 5-star Morningstar rating. Keeley has continued to offer innovative
strategies and funds, introducing several new funds in the last three years.
"We believe this partnership with TA Associates will help us to continue
to serve our clients and grow our organization," said John L. Keeley, Jr.,
President and Chief Investment Officer at Keeley Asset Management.
"Additionally, we expect that the launch of our employee equity plan will
enhance our ability to retain and attract superior industry talent."
"We are delighted to make this investment in Keeley Asset Management,"
said Roger B. Kafker, a Managing Director at TA Associates who was invited to
join Keeley's Board of Directors. "Keeley typifies the attractiveness of the
asset management business. Keeley's exceptionally strong growth is an
indication of the quality of investment products and leadership at the firm.
We look forward to working with Keeley to help fuel continued growth and
success."
TA Associates has four decades of investing experience, focusing on
profitable growth companies. The firm has invested more than $2.5 billion in
financial services and financial technology companies. Some of TA's prior
investments in the asset management industry include Advisory Research, Inc.,
Affiliated Managers Group, AIM Management Group (AMVESCAP), Arnhold S.
Bleichroeder Holdings, Jupiter Investment Management Group, Numeric Investors,
RGM Advisors, and Thomson Advisory Group (PIMCO).
UBS Investment Bank acted as financial advisor to Keeley Asset Management.
Keeley Asset Management
Keeley Asset Management Corp. (KAMCO) is a privately owned Chicago-based
money management firm, founded in 1982. Located in Chicago's Financial
District, KAMCO currently has more than $10 billion under management. Keeley
is a value manager with the principal objective of seeking long-term capital
appreciation in the equity markets for individuals and institutions in
separately managed Small Cap Value and Mid Cap Value portfolios. KAMCO also
manages the KEELEY funds (http://keeleyfunds.com/), open-end publicly traded
mutual funds that include the KEELEY Small Cap Value Fund, the KEELEY Small-
Mid Cap Value Fund, the KEELEY Mid Cap Value Fund and the KEELEY All Cap Value
Fund. For more information, please visit: www.keeleyasset.com
About TA Associates
Founded in 1968, TA Associates is one of the largest and most experienced
private equity firms. With offices in Boston, London and Menlo Park, the firm
manages $12 billion in capital and has invested in more than 380 companies.
TA Associates leads buyouts and minority recapitalizations of profitable
growth companies in the technology, financial services, business services,
healthcare and consumer industries. More information about TA Associates can
be found at www.ta.com.
Safe harbor statement under the U.S. Private Securities Litigation Reform
Act of 1995: Statements made in connection with this release which are not
historical fact, such as forward-looking statements concerning future
financial performance and growth, involve risk and uncertainties. Such
statements are subject to various factors that could cause actual results to
differ materially from those set forth in the forward-looking statements. Any
forward-looking statements represent the best judgment of TA Associates and
Keeley Asset Management as of the date of this release. TA Associates and
Keeley Asset Management disclaim any intent or obligation to update any
forward-looking statements.
SOURCE Keeley Asset Management Corp.

Kevin Keeley of Keeley Asset Management Corp., +1-312-786-5038,
kkeeley@kic-kamco.com