TA Associates is a global manager with ~US$45bn under management. With its origins as one of the early east-coast venture pioneers, TA has been investing exclusively in buyouts and minority growth investments since the 1990s. TA has generated top-quartile returns over 29 years, with all of its funds, except for TA X (2006) in the top quartile on both net IRR and multiple bases. TA is raising TA XV, a US$15bn fund to continue this long-standing strategy. TA invests in high-quality business models, the most important factor of which is the quality of the revenue relationship between a business and its