TA Associates (“TA”), a premier global private equity firm, has completed fundraising for its latest flagship fund, TA XV, with $16.5 billion in total limited partner commitments. Launched in late November 2022, TA XV exceeded its initial target size and was oversubscribed.
“We are extremely grateful for the strong support of our limited partners during the TA XV fundraise,” said TA CEO Ajit Nedungadi. “During a time of macroeconomic uncertainty, the sustained trust and confidence of our investors in our investment strategy is especially energizing.
We relish the opportunity to advance our strategy by partnering with visionary founders and management teams to create enduring value in exceptional businesses.”
TA XV is the successor to TA XIV, which reached its hard limit in June 2021 and closed at $12.5 billion. As with its precursor equity funds, TA XV will target equity investments in high-quality companies capable of sustaining growth in the technology, healthcare, financial services, consumer and business services sectors.
TA Closes $16.5 Billion Global Private Equity Fundraise
TA’s Managing Director, Hythem El-Nazer, stated that the company’s mission is to assist exceptional enterprises in reaching their maximum potential. “With TA XV, we will continue to leverage our decades of industry experience, strategic value-added resources, and extensive global network to support portfolio company management teams as they strive to accelerate profitable growth.”
Since its founding in 1968, TA has invested in over 560 companies across its target industries, with a current portfolio of over 120 companies. The global team of more than 150 investment professionals at TA are united by a partnership-oriented investment philosophy and a shared culture.
Andrew Harris, TA’s Director of Investor Relations, stated, “We thank our limited partners, both returning and new, for their belief in TA’s investment strategy and culture and for their thoughtful participation throughout the fundraising process.” “With TA XV, we are excited to continue focusing on transparency and alignment with our limited partners as we seek to deliver exceptional results.”
A diversified global network of existing and new investors, including public and private pension funds, sovereign wealth funds, asset managers, endowments, foundations, family offices, and insurance companies, committed capital to TA XV.