TA Associates waltzes to USD 16.5bn fundraise

TA XV closed on its hard cap, exceeding its initial target size, after launching in November 2022.

Few sponsors, especially generalist buyout funds, have been able to close multi-billion funds in the current macro-environment, with LPs squeezed for commitments.

The fund is 32% larger than its predecessor, TA XIV, which closed in June 2021 at its hard cap of USD 12.5bn. KKR raised USD 8bn for its latest European fund, including a 12.5% GP commitment, while Permira hit EUR 16.7bn in March.

Other expected multi-billion fundraises are in slow in the pipeline, with Astorg cutting its flagship fundraising target by EUR 2bn.

The sponsor will invest across the technology, healthcare, financial services, consumer and business services sectors.

In Europe, the sponsor recently acquired a minority stake in German insurance broker MRH Trowe, as well as circling TeamSystem and ESI Group. 

Investors
TA XV received capital commitments from a diverse global network of existing and new investors, including public and private pension funds, sovereign wealth funds, asset managers, endowments, foundations, family offices and insurance companies.

Advisors
TA Associates - Goodwin Procter (legal).

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• Topics
• Buyout
• Technology
• Healthcare
• Consumer
• TA Associates
• United States