TA Associates closes TA XIII at US $8.5B hard cap

TA Associates Management, LP, a leading global growth private equity firm, has held an initial and final closing of TA XIII with total commitments at its hard cap of US $8.5 billion. The fund had a soft close in April 2019. TA XIII was oversubscribed and exceeded its original US $7.5 billion target.

Canadian LP investors led by British Columbia Investment Management Corporation (BCI) committed US $280 million to the fund. McCarthy Tétrault LLP acts as Canadian legal counsel to TA Associates.

As with its predecessor equity funds, TA XIII will focus on equity investments in middle-market growth companies, primarily in opportunities originated and led exclusively by TA. TA’s investments will range from US $75-$500 million in equity. The firm will seek to invest in growth companies with high quality, profitable business models around the world within the technology, healthcare, financial services, consumer and business services industries.

TA XII is a US $5.3 billion 2015-vintage fund.

Boston based TA has raised US $32.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over US $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong.

photo credit: TA Associates

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.