# TA Associates: portfolio, investments and team

> TA Associates is a private equity based in United States. 57 investments on record, latest Jan 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ta-associates (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# TA Associates

Last cheque observed Jan 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet New fund, May 2021 Private equity

Seed Series A Series B Healthcare Telehealth Wellness

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 57 on record

Since the last cheque **2840** days **00** hrs **00** min **00** sec

Median round **$170M** Rounds led **0 of 57** Sole investor **41 rounds** Exits **16 from the portfolio** Mostly in **United States, 57%**

Pitch TA Associates

## TA Associates highlights

- 01 57 rounds on record
- 02 Mostly Venture and Growth: 83% of its rounds
- 03 Sole investor in 41 rounds, median $75M
- 04 16 exits from the portfolio

## What they do

> A leading global growth private equity firm From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Healthcare Telehealth Wellness
- **Based in:** Boston, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **57 appearances**

- **2019** 1 round
- **Jan** **[Fractal Analytics](https://millionrounds.com/company/fractal-analytics)** IN · VentureBeat **$200M** With 2 others
- **2016** 1 round
- **Aug** **[TCNS Clothing](https://millionrounds.com/company/tcns-clothing)** IN · FinSMEs **$140M** Sole investor
- **2015** 5 rounds
- **Aug** **[Plusgrade](https://millionrounds.com/company/plusgrade)** Growth · US **Undisclosed** Sole investor
- **Aug** **[CCRM](https://millionrounds.com/company/ccrm)** Venture · US **Undisclosed** Sole investor
- **Jul** **[ACT (Atria Convergence Technologies Pvt. Ltd.)](https://millionrounds.com/company/act-atria-convergence-technologies-pvt-ltd)** IN **$500M** Sole investor
- **Mar** **[YeePay](https://millionrounds.com/company/yeepay)** Venture · CN **Undisclosed** Sole investor
- **Jan** **[RateGain](https://millionrounds.com/company/rategain)** IN **Undisclosed** Sole investor
- **2014** 2 rounds
- **May** **[Bomgar](https://millionrounds.com/company/bomgar)** Venture · US **Undisclosed** Sole investor
- **Jan** **[Towne Park](https://millionrounds.com/company/towne-park)** US **Undisclosed** With 1 other
- **2013** 11 rounds
- **Dec** **[Answers Corporation](https://millionrounds.com/company/answers-corporation)** Growth · US **$300M** With 1 other
- **Nov** **[Accruent](https://millionrounds.com/company/accruent)** US · finsmes.com **Undisclosed** With 1 other
- **Sept** **[Arxan Technologies](https://millionrounds.com/company/arxan-technologies)** US · finsmes.com **Undisclosed** Sole investor
- **Sept** **[SoftWriters Holdings](https://millionrounds.com/company/softwriters-holdings)** Growth · US · finsmes.com **Undisclosed** Sole investor
- **Sept** **[Bluepay](https://millionrounds.com/company/bluepay)** US · businesswire.com **Undisclosed** Sole investor
- **Aug** **[BATS Global Markets](https://millionrounds.com/company/bats-global-markets)** US · finsmes.com **Undisclosed** With 1 other
- **Aug** **[Flashtalking](https://millionrounds.com/company/flashtalking)** Growth · GB · finsmes.com **Undisclosed** Sole investor
- **Jul** **[Prometheus Group](https://millionrounds.com/company/prometheus-group)** Growth · US · finsmes.com **Undisclosed** Sole investor
- **Jun** **[Fractal Analytics](https://millionrounds.com/company/fractal-analytics)** Venture · US · finsmes.com **$25M** Sole investor
- **Mar** **[Nintex](https://millionrounds.com/company/nintex)** Series B · US · finsmes.com **$135M** With 1 other
- **Mar** **[Onlineprinters](https://millionrounds.com/company/onlineprinters)** DE · finance.yahoo.com **Undisclosed** Sole investor
- **2012** 4 rounds
- **Jul** **[ViewPoint Construction Software](https://millionrounds.com/company/viewpoint-construction-software)** Growth · US · bizjournals.com **$76M** With 1 other
- **Jun** **[Forgame](https://millionrounds.com/company/forgame)** Series A · CN · finsmes.com **$69M** With 2 others
- **Apr** **[Answers Corporation](https://millionrounds.com/company/answers-corporation)** US · techcrunch.com **Undisclosed** Sole investor
- **Apr** **[Billdesk](https://millionrounds.com/company/billdesk)** IN · finsmes.com **Undisclosed** Sole investor
- **2011** 4 rounds
- **Oct** **[Aicent](https://millionrounds.com/company/aicent)** Venture · US · sec.gov **$127M** Sole investor
- **Jul** **[Stadion Money Management](https://millionrounds.com/company/stadion-money-management)** US · finsmes.com **Undisclosed** Sole investor
- **May** **[Pixonic](https://millionrounds.com/company/pixonic)** Series C · RU · ewdn.com **$5.0M** With 2 others
- **Apr** **[Bigpoint](https://millionrounds.com/company/bigpoint)** Growth · DE · venturebeat.com **$350M** With 1 other
- **2010** 4 rounds
- **Nov** **[MedSolutions](https://millionrounds.com/company/medsolutions)** Growth · US · finsmes.com **$300M** Sole investor
- **Aug** **[Dr Lal PathLabs](https://millionrounds.com/company/dr-lal-pathlabs)** IN · finsmes.com **Undisclosed** Sole investor
- **Jan** **[Micromax Informatics](https://millionrounds.com/company/micromax-informatics)** Venture · IN · vccircle.com **$45M** Sole investor
- **Jan** **[eCircle](https://millionrounds.com/company/ecircle)** Growth · DE · eu.techcrunch.com **$87M** Sole investor
- **2009** 4 rounds
- **Oct** **[TEOCO Corporation](https://millionrounds.com/company/teoco-corporation)** Growth · US · businesswire.com **$60M** Sole investor
- **Jul** **[AVG Technologies](https://millionrounds.com/company/avg-technologies)** Growth · CZ · invest-iq.com **$200M** Sole investor
- **May** **[Fotolia](https://millionrounds.com/company/fotolia)** Series A · US · techcrunch.com **$75M** Sole investor
- **May** **[Fotolia](https://millionrounds.com/company/fotolia)** Growth · US **$75M** Sole investor
- **2008** 3 rounds
- **Oct** **[e-Rewards](https://millionrounds.com/company/e-rewards)** Growth · US · stage.pehub.com **$60M** With 2 others
- **Sept** **[Radialpoint](https://millionrounds.com/company/radialpoint)** Series C · CA · radialpoint.com **$98M** Sole investor
- **Sept** **[Quotient Clinical](https://millionrounds.com/company/quotient-clinical)** Growth · GB **$63M** Sole investor
- **2005** 6 rounds
- **Oct** **[MetroPCS Communications](https://millionrounds.com/company/metropcs-communications)** Series E · US **$739M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **10 named**

AN **Ajit Nedungadi** Managing Director, Chief Executive Officer and Chair of the Executive Committee of Ta Associates, L.P. i Form ADV

AB **Arthur Broderick Price** General Counsel i Form ADV

BW **Brendan W. Lake** Managing Member of the General Partner i Filing they signed

GM **Gregory M. Wallace** Chief Financial Officer, Funds i Form ADV

HT **Hythem Talaat El-Nazer** Managing Director and Member of the Executive Committee i Form ADV

JP **Jason P. Werlin** Managing Director and Member of the Executive Committee i Form ADV

JA **Jennifer Ami Barbetta** Managing Director and Chief Operating Officer i Form ADV

JM **Jennifer M. Mulloy** Managing Director and Member of the Executive Committee i Form ADV

KH **Kelly H. Riera** Chief Compliance Officer i Form ADV

MR **Melanie Rae Toomey** Chief Financial Officer, Management Company i Form ADV

We also hold **138** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$55B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** TA Associates Management, L.P.
- **SEC number:** CRD 156699

Funds on its Form ADV

**27** private funds, **$60B** in gross assets · filed Sept 2024

- TA XV-A, L.P. *Hedge* 185 investors $8.0B
- TA XIII-A, L.P. *Hedge* 140 investors $7.7B
- TA XV-B, L.P. *Hedge* 370 investors $7.4B
- TA XIV-A, L.P. *Hedge* 164 investors $6.8B
- TA XIV-B, L.P. *Hedge* 367 investors $5.7B
- TA XII-A, L.P. *Hedge* 126 investors $5.0B
- TA XIII-B, L.P. *Hedge* 263 investors $4.7B
- TA Investors XIII, L.P. *Hedge* 281 investors $2.2B
- TA XII-B L.P. *Hedge* 206 investors $2.0B
- TA Investors 2024, L.P. *Hedge* 14 investors $1.3B

And 17 more on the filing.

Who backs their funds

## 5 LPs on record in TA Associates's funds

- **Committed:** $4.3B
- **Funds:** 14
- **Vintages:** 2010 to 2025

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2026.

- [**Washington State Investment Board** 5 funds *$2.0B*](https://millionrounds.com/fund/washington-state-investment-board) Fund Vintage Committed TA XV 2025 $750M TA XIV 2021 $525M TA XIII 2019 $355M TA XII 2016 $250M TA XI 2010 $150M
- [**California State Teachers Retirement System** 8 funds *$1.4B*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed TA Associates XV 2025 $300M TA XIV A 2021 $400M TA Select Opps Fund II A 2021 $100M TA Select Opps Fund-A 2020 $75M TA XIII-A 2019 $280M TA XII 2016 $180M TA XI 2010 $80M TA Subordinated Debt Fund III 2010 $20M
- [**California Public Employees' Retirement System (CalPERS)** 3 funds *$500M*](https://millionrounds.com/fund/california-public-employees) Fund Vintage Committed TA XV-A 2025 $300M TA XIV-A 2021 $150M TA Select Opportunities Fund II-A 2021 $50M
- [**Oregon Public Employees Retirement Fund** 2 funds *$300M*](https://millionrounds.com/fund/oregon-public-employees) Fund Vintage Committed TA XV 2024 $200M TA XIV-A 2021 $100M
- [**Minnesota State Board of Investments** 1 fund *$80M*](https://millionrounds.com/fund/minnesota-state-board-of-investments) Fund Vintage Committed TA XV 2023 $80M

## Exits from the portfolio

Companies it backed that were later bought or listed **16 in all**

**[Quotient Clinical](https://millionrounds.com/company/quotient-clinical)** Bought by [GHO Capital](https://millionrounds.com/fund/gho-capital-partners) **Undisclosed** Dec 2015

**[SoftWriters Holdings](https://millionrounds.com/company/softwriters-holdings)** Bought by Roper Industries **Undisclosed** Feb 2015

**[Fotolia](https://millionrounds.com/company/fotolia)** Bought by [Adobe Systems](https://millionrounds.com/fund/adobe-systems) **$800M** Dec 2014

**[Answers Corporation](https://millionrounds.com/company/answers-corporation)** Bought by [Apax Partners](https://millionrounds.com/fund/apax-partners) **Undisclosed** Aug 2014

**[Aicent](https://millionrounds.com/company/aicent)** Bought by [Syniverse](https://millionrounds.com/fund/syniverse) **$290M** May 2014

**[MetroPCS Communications](https://millionrounds.com/company/metropcs-communications)** Bought by T-Mobile **$1.5B** May 2013

**[Quotient Clinical](https://millionrounds.com/company/quotient-clinical)** Bought by [Bridgepoint](https://millionrounds.com/fund/bridgepoint-group) **Undisclosed** Jan 2013

**[eCircle](https://millionrounds.com/company/ecircle)** Bought by Teradata **Undisclosed** May 2012

**[AVG Technologies](https://millionrounds.com/company/avg-technologies)** Listed **Undisclosed** Feb 2012

**[2nd Story Software, Inc.](https://millionrounds.com/company/2nd-story-software-inc)** Bought by Blucora **$288M** Jan 2012

**[Aicent](https://millionrounds.com/company/aicent)** Bought by [TA Associates](https://millionrounds.com/fund/ta-associates) **Undisclosed** Oct 2011

**[Questia Media](https://millionrounds.com/company/questia-media)** Bought by [GALE CENGAGE Learning](https://millionrounds.com/fund/gale-cengage-learning) **Undisclosed** Jan 2010

**[Eagle Test Systems](https://millionrounds.com/company/eagle-test-systems)** Bought by [Teradyne](https://millionrounds.com/fund/teradyne) **$361M** Sept 2008

**[Voyant Technologies](https://millionrounds.com/company/voyant-technologies)** Bought by [Polycom](https://millionrounds.com/fund/polycom) **Undisclosed** Nov 2003

**[TogetherSoft](https://millionrounds.com/company/togethersoft)** Bought by Borland **Undisclosed** Oct 2002

**[Direct Hit](https://millionrounds.com/company/direct-hit)** Bought by Ask.com **$500M** Feb 2000

An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**Russell Investments** **Undisclosed** Oct 2015

**Mitratech Holdings, Inc** **Undisclosed** Sept 2015

**Procare Software** **Undisclosed** May 2015

**NorthStar Financial Services** **Undisclosed** Feb 2015

**Access Technology Group** **Undisclosed** Jan 2015

**[Idera](https://millionrounds.com/company/idera)** **Undisclosed** Sept 2014

**[CMOSIS nv](https://millionrounds.com/company/cmosis-nv)** **Undisclosed** Dec 2013

**[Arxan Technologies](https://millionrounds.com/company/arxan-technologies)** **$132M** Sept 2013

**CoSentry.net** **Undisclosed** Oct 2011

**[Aicent](https://millionrounds.com/company/aicent)** **Undisclosed** Oct 2011

**One Call Medical** **$115M** Aug 2003

New fund on file

**Raised**

a new fund in May 2021

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$170M** the round, not its cheque Alone, median **$75M**

Led 0 of 57 rounds **0%**

- **Sole investor:** 41 rounds
- **Last cheque:** Jan 2019
- **Exits:** 16 from the portfolio

Rounds by stage said on their site

- Venture *19*
- Growth said *15*
- Series A said *3*
- Series B said *2*
- Series C *2*
- Seed said *-*

Cheques by year Led Joined

1999 2019

Often in the room with

- [Stripes](https://millionrounds.com/fund/stripes) 2
- [Summit Partners](https://millionrounds.com/fund/summit-partners) 2

**Pitching TA Associates?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as TA Associates. A count of rooms they were both in, not a relationship either has claimed.

[**Stripes** Private equity **2** rounds together](https://millionrounds.com/fund/stripes)[**Summit Partners** Private equity **2** rounds together](https://millionrounds.com/fund/summit-partners)

## Recently backed

The latest companies TA Associates put money into.

[**Fractal Analytics** $200M · Jan 2019](https://millionrounds.com/company/fractal-analytics)[**TCNS Clothing** $140M · Aug 2016](https://millionrounds.com/company/tcns-clothing)

## Mentioned on podcasts

Episodes that name TA Associates in their description, not their title.

- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 19 Aug 2026 · 1h 2m AI Optimized (for Growth Investors): 2026 Jackson Hole Forum Mentions [Madison Dearborn Partners](https://millionrounds.com/fund/madison-dearborn-partners-llc)[TA Associates](https://millionrounds.com/fund/ta-associates)[Alex Fisher](https://millionrounds.com/person/alex-fisher) Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 22 Nov 2023 · 28 min Business AI Maestro: Fractal’s Srikanth Velamakanni With [Srikanth Velamakanni](https://millionrounds.com/person/srikanth-velamakanni) Mentions [TA Associates](https://millionrounds.com/fund/ta-associates) Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 27 Apr 2021 · 24 min The Growth Equity Innovator: Matthew Safaii, Founder And Managing Partner Of Arrowroot Capital Management With [Matthew Safaii](https://millionrounds.com/person/matthew-safaii) Mentions [Arrowroot Capital Management](https://millionrounds.com/fund/arrowroot-capital-management)[TA Associates](https://millionrounds.com/fund/ta-associates) Apple PodcastsShow page

## Quick answers about TA Associates

### What does TA Associates invest in?

TA Associates invests most often at Venture and Growth (83% of the rounds on record), in sectors such as Healthcare, Telehealth and Wellness.

### How active is TA Associates?

57 investments on record, 0 of them in the last 12 months. The most recent was in Jan 2019.

### What has TA Associates invested in recently?

Its most recent investments on record: Fractal Analytics (Undisclosed round, Jan 2019) and TCNS Clothing (Undisclosed round, Aug 2016).

### How big are TA Associates's cheques?

The median round it joins is $170M.

### Does TA Associates lead rounds?

Rarely, if at all: none of its 57 investments on record names it as the lead.

### Where does TA Associates invest?

Most of the companies it backs are in the United States (57%), India (18%) and Germany (8%).

### Is TA Associates investing now?

No investments in the last 12 months; the latest was in Jan 2019.

### Who does TA Associates invest alongside?

Most often Stripes (2 rounds together) and Summit Partners (2 rounds together).

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