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Laxman Pai, Opalesque Asia: Global private equity firm TA Associates has raised $16.5bn for its latest flagship vehicle, as it managed to overcome a difficult fundraising market and declining demand for buyout vehicles.
The new venture achieved a record size for the US PE firm, 32 percent larger than the $12.5bn fund TA raised in June 2021, said a media release.
As with its predecessor equity funds, TA XV will target equity investments in high-quality businesses capable of delivering sustainable growth within the technology, healthcare, financial services, consumer, and business services sectors, it said.
"We are deeply grateful for the strong support of our limited partners during the TA XV fundraise," said Ajit Nedungadi, Chief Executive Officer at TA.
"Amid a period of macroeconomic uncertainty, our investors' continued trust and confidence in our investment strategy is particularly energizing. We embrace the opportunity to further our strategy, partnering with forward-thinking founders and management teams to build lasting value in exceptional businesses," Ajit added.
Since the firm's inception in 1968, TA has invested in more than 560 companies across its target industries, with over 120 companies in the portfolio today. TA's global team of more than 150 investment professionals is united by a common culture and partnership-oriented approach to investing.
"At TA, we are driven by a shared desire to help exceptional businesses reach their full potent...................... To view our full article Click here
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