TA Associates makes new hire in Boston

The growth equity firm has hired a new VP in Boston

Boston-based TA Associates has hired Clara M. Jackson to its investment staff in Boston. Jackson joins the firm as a Vice President in the Services Group.

Jackson will focus on investments in business, financial and other services companies. She joined TA Associates from Fireman Capital Partners where she served as a vice president leading deal sourcing, due diligence and transaction execution for buyout and growth equity investments in the consumer/retail sector.

TA was most recently in the market for its TA Atlantic & Pacific VII Fund,a $1.75 billion vehicle.

Last week, the firm partnered with American Capital on financing for the acquisition of Tectum Holdings, a manufacturer of pickup truck accessories, principally soft and hard truck bed covers, also known as tonneaus.

THI's products are sold under market leading brands, including Extang, Truxedo, Undercover Advantage, Retrax, BedRug and BAK Industries.

The firm also exited its investment in answers.com after only three years. TA Associates and Summit Partners sold the online search engine to Apax Partners for an undisclosed sum. The investment came from Apax's eighth buyout fund which closed last year on $7.5 billion, according to Private Equity International's research and analytics division.