BOSTON–(BUSINESS WIRE) – TA Associates, a leading global growing private equity firm, today announced the completion of its TA XIV fundraising with total commitments of $ 12.5 billion. TA XIV was launched in January 2021 and was quickly significantly oversubscribed, with demand surpassing the original target of $ 10.5 billion. In addition, TA announced the closure of TA Select Opps II, also launched in January 2021, with total commitments of $ 1.5 billion.
TA XIV will continue TA’s long-term investment strategy of investing in companies with high quality business models that enable sustainable growth in the technology, healthcare, financial services, consumer and business services sectors. The investments are expected to be between 100 and 600 million US dollars. Like its predecessor fund, TA Select Opps II will invest in independent, third party valued recapitalizations of high performing TA portfolio companies that the company believes have significant prospects for further organic and inorganic growth.
“For more than 50 years, TA’s relentless focus on creating lasting value has helped leading growth companies scale across industries, borders and financial cycles,” said Brian Conway, Chairman of TA. “Many of TA’s investors have been our partners for decades and we are extremely grateful for their longstanding support. We appreciate the continued commitment of our investors to TA’s unique approach to private equity growth. The entire TA team is excited about this opportunity and deeply respects the responsibility to invest and work for our limited partners. ”
The increase in TA XIV and TA Select Opps II builds on the significant momentum of TA and follows an active phase for the company. TA XIV is the successor fund to TA XIII, a $ 8.5 billion. Both TA XIV and TA Select Opps II are expected to begin their investment period in the second half of 2021.
“This successful fundraiser is an exciting milestone that reflects investor confidence in our core investment strategy,” said Ajit Nedungadi, Chief Executive Officer of TA. “We strive to invest in the highest quality growth companies in our target industries and to leverage the company’s depth and experience to develop our own opportunities in these sectors. The strength of our value creation capabilities and our extensive global network enables TA to help leading companies continue their growth trajectory and transform themselves into strategic platforms. ”
A diverse group of largely existing global investors from previous TA funds, including leading public pension plans, sovereign wealth funds, foundations and foundations, have committed capital for TA XIV and TA Select Opps II.
“We would like to thank our limited partners for their attentive commitment throughout the fundraising process and for their unwavering support and enthusiastic belief in TA’s strategy and culture,” said Andrew Harris, Director of Investor Relations at TA. “We are privileged to have won the trust of so many high quality institutional investors around the world and we look forward to our ongoing partnership with this next generation of TA funds.”
Goodwin Procter LLP served as fund advisor to TA XIV and TA Select Opportunities Fund II.
About TA Associates
TA is a leading global growing private equity firm. Focusing on select sectors in five industries – technology, healthcare, financial services, consumer and business services – the company invests in profitable, growing companies with opportunities for sustainable growth and has invested in more than 535 companies worldwide. Investing as either a majority or minority investor, TA takes a long-term approach and uses its strategic resources to help management teams create lasting value in high quality growth companies. TA has raised $ 47.5 billion in capital since its inception in 1968 and is committed to over $ 3 billion in new investments annually. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.