Ed Sippel and Naveen Wadhera, both previously directors at TA Associates, have been named co-heads of Asia at the firm, according to a company statement.
Sippel is now a managing director based in the firm’s Hong Kong office and focuses on investments across the Asia Pacific region. His deals have included TA’s investment in Nintex Group in 2013, as well as earlier investments in Hong Kong-listed Foregame and SpeedCast.
Wadhera is now a director and leads the firm’s India operations from the Hong Kong office, as well as focusing on Asia-wide investments, according to the firm. His deals include the firm’s $25 million investment in India-based Fractal Analytics in June 2013.
The moves come as TA has made promotions across the board, among them London-based Christopher Parkin and Boston-based Harry Taylor, who have been promoted from directors to managing directors. The firm has also promoted a total of four other investment professionals based in Boston, London and Menlo Park.
“Each of these professionals has made significant contributions to TA and their accomplishments well illustrate the depth of TA’s team and the breadth of our investing expertise across industries and geographies,” Brian J. Conway, chairman and managing director at TA Associates, said in a statement.
“We are very pleased to recognize their well-deserved advancement and look forward to them continuing to source and close investments, build value in our portfolio companies and generate gains for TA’s investors.”
The firm has been strengthening its capabilities globally, making a number of hires in 2013. In October, Credit Suisse director Tony Marsh joined the firm to manage acquisition financings and capital markets out of the firm’s Boston office.
Shortly after, in November, former Goodwin Proctor partner joined as chief operating officer and Kevin Masse joined as chief portfolio officer from Deloitte & Touche.
TA Associates is based in Boston but has additional offices in Menlo Park, London, Mumbai and Hong Kong. The firm has raised more than $18 billion in capital and is in market with its TA Atlantic & Pacific VII Fund, which has a $1.75 billion target, according to Private Equity International’s Research and Analytics division.
Chelsea Stevenson contributed reporting.