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TA holds close of fifth debt fund at $1.1bn

TA Associates (TA), a global growth private equity firm, has completed fundraising for TA Debt Fund V with total commitments of more than $1.1 billion. 

TA Associates (TA), a global growth private equity firm, has completed fundraising for TA Debt Fund V with total commitments of more than $1.1 billion. 

Launched in 2022, TA Debt Fund V quickly exceeded its initial target of $600 million, and is significantly larger than its predecessor fund, TA Subordinated Debt Fund IV, which closed at $542 million.

TA Debt Fund V will continue the legacy of its predecessor funds, with the increased flexibility to invest in the most attractive credits of both new and existing TA portfolio companies. The fund’s broader mandate offers an expanded opportunity set to include senior secured debt, while also continuing to invest in more traditional TA subordinated debt investments. The fund will have exposure across the debt capital structure, with the option to invest across multiple tranches of credit in the same company. 

TA Debt Fund V’s strategy, while designed for flexibility, is informed by TA’s disciplined due diligence and decision-making process, and benefits from proprietary access to high-quality portfolio companies across TA’s five target sectors – technology, healthcare, financial services, consumer and business services.

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