TA Associates hires principal

Michael Berk, a former senior vice president at JLL Partners, will join the Boston office to focus on LBOs and recapitalizations in the consumer, financial services and business services sectors.

Boston-based TA Associates announced the hire of Michael Berk as principal in the firm’s Boston office.

 

Berk comes to TA Associates from New York-based JLL Partners, where he served as senior vice president and a board member of portfolio company IASIS Healthcare. Prior to that, he was an associate at Frontenac Company, where he served on the Board of Comprehensive Medical Management.

 

“We’ve been looking for about a year for someone that we could bring into the firm with an appropriate amount of experience, so that he or she could hit the pavement running,” TA Associates senior managing director Andrews McLane said. “Michael has that amount of experience. His prior work and background is in the buyout area. Most of his focus is in the technology area, just like our firm’s in Boston.”

 

TA Associates, founded in 1968, manages more than $5 billion in capital and has offices in Menlo Park, Pittsburgh and London. The firm provides growth equity capital, leveraged recapitalization and management buyout financing for technology, financial services, healthcare and consumer businesses. Last month, TA Associates also promoted David Lang to managing director from principal, and both Jonathan Meeks and Ajit Nedungadi to principals from vice presidents.