TA Associates has paused fundraising for one of its newer strategies, the firm’s third Select Opportunities Fund, which came to market alongside the firm’s 15th flagship pool and was targeting $1.5 billion, according to a report by BuyoutsInsider.
TA Associates has paused fundraising for one of its newer strategies, the firm’s third Select Opportunities Fund, which came to market alongside the firm’s 15th flagship pool and was targeting $1.5 billion, according to a report by BuyoutsInsider.
According to a note sent to LPs, the firm will now focus solely on the flagship pool, which is targeting around $15 billion.
“We have decided to pause the fundraise for TA Select Opps III and focus on TA XV and our flagship fund series moving forward. We believe this will reduce organizational complexity and are excited to address these investment opportunities on a selective basis, as we have been, through our flagship fund series,” the firm wrote.
According to the report TA was anticipating a first close for the fund at the end of this month, and has yet to confirm whether it will return to market at a later date.
