The Private Investment Funds team advised longtime client TA Associates on the completion of its fundraising for its latest flagship fund, TA XV, with total limited partner commitments at its hard cap of $16.5 billion. Launched in late November 2022, TA XV was oversubscribed and exceeded its initial target size. TA XV is the successor to TA XIV, which closed in June 2021 at its hard cap of $12.5 billion. 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.
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong.
For additional details on the closing, please read the press release.