TA Associates closes on new funds
TA Associates, the Boston private equity and buyout firm, today said it has closed on a pair of new funds: a $3.5 billion private equity capital fund, and a $777.5 million subordinated debt fund.
The new funds are named TA X L.P, which will invest in profitable private companies in growth industries, and TA Subordinated Debt Fund II L.P., which will provide loans to middle market growth companies. The two new funds are successors to funds raised by the firm in early 2000. Together, they bring the total capital managed by TA Associates to $10 billion.
The firm, which has invested in more than 360 companies since its founding in 1968, said it expects to begin making investments from the new funds in the second quarter. (by Robert Weisman, Globe staff)
