Insight

TA Associates wraps up fifth debt fund at over $1.1bn

TA Debt Fund V will invest in the credits of both new and existing TA portfolio companies.

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  • 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 is significantly larger than its predecessor fund, TA Subordinated Debt Fund IV, which closed at $542 million
  • TA has raised $48.6 billion in capital since its founding in 1968

TA Associates has closed its fifth debt fund at more than $1.1 billion, beating its $600 million target.

TA Debt Fund V is significantly larger than its predecessor fund, TA Subordinated Debt Fund IV, which closed at $542 million.

“TA Debt Fund V is an exciting milestone in the continued evolution of our debt investing strategy,” said Ajit Nedungadi, CEO of TA, in a statement. “TA’s proven industry expertise, deep understanding of market trends and highly experienced Capital Markets Group are integral to our continued success with this strategy going forward. We are enormously grateful for our investors’ continued confidence in the team and our ability to deliver value to our partners and portfolio companies.”

TA Debt Fund V will invest in the credits of both new and existing TA portfolio companies. 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 Associates targets the technology, healthcare, financial services, consumer, and business services. TA has raised $48.6 billion in capital since its founding in 1968.