TA Associates, the Boston growth equity specialist, has raised $800 million (€614 million) for a side vehicle that will invest alongside the firm’s main funds.
The side vehicle, TA Atlantic and Pacific V, is primarily for non-US investors, according to a press release. It is a successor fund to a similar vehicle raised in 1999 which rounded up $500 million. In 2000, TA raised $2 billion for a growth equity fund called TA IX, and $500 million for a subordinated debt fund. The most recent non-US fund will invest alongside these two primary vehicles. The firm invests roughly $1 billion per year in growing, profitable companies.
TA invests mainly in the US but maintains an office in London and does some investing throughout Europe.
TA is led by Kevin Landry, the firm’s managing director and chief executive officer. The firm was founded in 1968 and has an additional office in Menlo Park, California. The firm is known for its aggressive program of “cold-calling” company owners as part of an outbound deal sourcing effort.