The Private Investment Funds team advised TA Associates on its fundraising for TA XIV with total commitments at the hard cap of $12.5 billion. TA XIV was launched in January 2021 and quickly became significantly oversubscribed, with demand exceeding its original $10.5 billion target. In addition, the Goodwin team advised TA on its fundraising for TA Select Opportunities Fund II (“TA Select Opps II”), also launched in January 2021, with total commitments at its hard cap of $1.5 billion.
TA is a leading global growth private equity firm. Focused on targeted sectors within five industries — technology, healthcare, financial services, consumer and business services — the firm invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 535 companies around the world.
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 $100 to $600 million. Like its predecessor fund, TA Select Opps II will make investments in independent, third-party priced recapitalizations of high-performing TA portfolio companies that the firm believes offer significant prospects for continued organic and inorganic growth.
The Goodwin team included Paul Verbesey, Amy Johnson, Lynette Elam, Jessica Taubman, Lauren Falkowitz, Brittany Cohen, Michael Shea, Sam Baldinger, Brian Fiske, Kvehl McDermott, Patti Burris, Eugenia Cecala, and Jenny Serrano.
For more details, read the press release.