TA Associates Seeks $1.5 Billion for New Opportunities Fund

TA Associates is pitching investors on its second opportunities fund, which seeks to invest in certain companies its older flagship funds are selling.

 The firm uses its opportunities strategy to take minority positions in portfolio companies that its flagship funds are exiting.

The Boston-based firm is targeting $1.5 billion for its TA Select Opportunities Fund II LP, according to two people who have seen marketing documents for the fund. Reaching that goal would make it 50% bigger than the firm’s debut opportunities fund, which closed on $1 billion last year, the people said.

TA Associates, founded in 1968, is one of the early modern-era private equity firms in the United States. The firm leads buyouts and minority recapitalisations of profitable growth companies and has invested across a range of industries, including technology, healthcare, consumer products, financial services and business services.

Investments range from $70-$500 million in equity and $10-$50 million in subordinated debt transactions that value businesses generally from $100 million – $3 billion.

Source: Wall Street Journal