TA Associates, a global growth private equity firm, has completed its fundraising for TA XIV with total commitments at the hard cap of USD12.5 billion.
TA XIV was launched in January 2021 and quickly became significantly oversubscribed, with demand exceeding its original USD10.5 billion target. In addition, TA announced the closing of TA Select Opportunities Fund II (TA Select Opps II), also launched in January 2021, with total commitments at its hard cap of USD1.5 billion.
TA XIV will continue TA’s long-term investment strategy of investing in companies with high-quality business models capable of delivering sustainable growth within the technology, healthcare, financial services, consumer and business services sectors. Investments are expected to range in size from USD100 to USD600 million. Like its predecessor fund, TA Select Opps II will make investments in independent, third-party priced recapitalisations of high-performing TA portfolio companies that the firm believes offer significant prospects for continued organic and inorganic growth.
“For more than 50 years, TA has helped scale leading growth companies across industries, borders and financial cycles through our relentless focus on building lasting value,” says Brian Conway, Chairman of TA. “Many of TA’s investors have been our partners for decades, and we are extraordinarily grateful for their long-term support. We are pleased to have earned our investors’ continued commitment to TA’s unique approach to growth private equity. The entire TA team is energised by the opportunity, and deeply respectful of the responsibility to invest and work for our limited partners.”
Read more/Source: Private Equity Wire
