|
Laxman Pai, Opalesque Asia: TA Associates has raised $8.5bn for the one-and-done final close of its thirteenth flagship private equity fund (TA XIII), which will focus on investing in middle-market growth companies.
TA XIII exceeded its $7.5bn target, the Boston-based private equity firm said.
The capital came mainly from existing investors, including public pension plans, sovereign wealth funds, foundations and endowments.
The fund will look to invest between $75m-$500m in growth companies in the technology, healthcare, financial services, consumer and business services sectors.
"We are grateful and humbled to have received such a high level of interest in our latest flagship fund," said Brian J. Conway, Chairman and Managing Partner at TA Associates.
"TA XIII will build on our existing strategy of providing transformational capital and strategic resources to great businesses and management teams across the globe," said Ajit Nedungadi, Managing Partner at TA Associates.
He added: "We look forward to investing the fund to help companies accelerate growth and deliver compelling investment performance for our investors."
TA XIII is the successor fund to TA XII, a $5.3bn private equity fund that began investing in March 2016, and TA Atlantic and Pacific VII, a $1.4bn private equity fund that began investing in January 2014. It is expected that TA XIII will commence its investment period during the second half of 2019.
Goodwin Proct...................... To view our full article Click here
|
RSS
