private equity founded 1968 headquarters john hancock tower boston massachusetts united states key people brian j. conway chairman products growth capital leveraged buyouts recapitalizations total assets 24 billion 1 number of employees 130 website www.ta.com history of private equity and venture capital early history origins of modern private equity the 1980s leveraged buyout boom the 1990s leveraged buyout and the venture capital bubble the 2000s dot com bubble to the credit crunch v t e ta associates founded in 1968 is one of early modern era private equity firms in the united states . 2 the firm leads buyouts and minority recapitalizations of profitable growth companies . ta associates has invested across a range of industries including technology healthcare consumer products financial services and business services . ta associates has raised 24 billion of capital since inception . 3 since its founding the firm has been a lead investor and director in more than 440 companies and been ranked among the 50 largest private equity firms ranked 41 in 2014 globally . 4 the firm is headquartered in boston massachusetts . as of january 1 2015 ta had more than 130 employees including 80 investment professionals in boston menlo park london mumbai and hong kong . contents 1 history 1.1 spin out firms 2 references 3 external links history edit ta associates was founded in 1968 by peter brooke with the backing of his former firm tucker anthony & rl day an investment banking and brokerage firm . prior to founding ta from 1963 to 1968 brooke had headed the corporate finance and venture capital activities of tucker anthony . previously brooke had been responsible for expanding the private equity activities of bessemer securities and had founded the high technology lending group of first national bank of boston . at the time it was founded the firm focused primarily on making venture capital investments in earlier stage companies . the firm expanded significantly through the 1970s growing from 5 million of capital in 1969 to 125 million by the beginning of the 1980s making ta the largest independent venture capital firm in a 1980 ranking . 5 through the 1970s the firm s investments averaged 30 % to 40 % annually . among the firm s notable investments of the 1970s were biogen artificial intelligence software immunogen and digital research 5 as the 1980s developed ta found itself increasingly investing larger amounts in more mature profitable companies as opposed to the small early stage investments in start up companies that had characterized the firm s first decade and a half . by the mid 1980s ta was no longer describing itself as a venture capital firm instead using the more general private equity description . by the early 1990s the firm found itself rarely investing in early stage start up companies focusing primarily on later stage growth capital investments in more mature businesses . 6 much of this evolution from a regional venture capital investor to global growth private equity firm has been credited to c. kevin landry . 7 mr. landry began his career with ta in 1968 became a general partner in 1972 managing partner in 1982 ceo in 1984 upon the firm s incorporation and chairman in 2007 . after retiring in 2012 he remained actively involved in the firm and was serving as a senior advisor at the time of his death in 2013 . in 2012 certain members of ta associates leadership independent of the firm began financially supporting various conservative political action groups backing candidates in favor of repealing the dodd frank wall street reform and consumer protection act publicly claiming it was government regulation run amok . 8 mr. landry was among of the leading super pac donors to the 2012 mitt romney presidential campaign . 9 landry told the boston globe the dodd frank legislation costs ta more than 600 000 a year in compliance related costs which would be better spent supporting job growth fueled by private equity firms such as bain capital and ta associates . 10 spin out firms edit as one of the earliest venture capital firms there are many successful investment firms that trace their lineage back to ta associates . 11 in 1979 ta s craig burr and william p. egan left to found venture capital firm burr egan deleage & co. bedco would itself give rise to a group of notable successor firms alta partners alta communications and polaris venture partners which can trace their lineage to ta . in 1984 ta s founder peter brooke founded advent international which is today among the largest global private equity firms . also in 1984 stephen woodsum and e. roe stamps decided to leave ta to form summit partners . two years later in 1986 the firm s media group led by david croll completed a spin out to form media communications partners which would later rename itself m c partners . in 1994 general partner bill collatos left to found private equity firm spectrum equity investors . in 1994 sasi s was sold to ta associates . the new owners took sasi s leading software called ansys as their flagship product and designated ansys inc. as the new company name . references edit capital raised since inception a short sometimes profitable history of private equity wall street journal january 17 2012 . about ta https www.privateequityinternational.com uploadedfiles private equity international pei non pagebuilder aliased news and analysis 2014 may news pei % 20300 % 202014.pdf pei 300 top 50 private equity international may 2014 . a b venture capitalists new role . new york times august 31 1981 gupta udayan . done deals . 2000 http www.bloomberg.com news articles 2013 08 01 kevin landry former ceo of ta associates dies of cancer at 69 mitt romney mum on how to regulate big banks boston globe may 2 2012 . tea party super pac pours funds into congressional races boston globe june 6 2012 . romney foes put bain on defensive boston globe january 11 2012 . the thrill of defeat . the boston globe february 5 2001 external links edit ta associates company website ta associates mergr profile v t e private equity and venture capital basic investment types buyout venture mezzanine growth secondaries equity co investment history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s terms and concepts buyout financial sponsor management buyout divisional buyout buy sell agreement leveraged recapitalization dividend recapitalization venture angel investor business incubator post money valuation pre money valuation seed money startup company venture capital financing venture debt venture round structure private equity firms and funds limited partnership limited liability company carried interest management fee publicly traded private equity business development company venture capital trust private investment in public equity pipe pledge fund investors corporations institutional investors pension funds insurance companies fund of funds endowments foundations investment banks merchant banks commercial banks high net worth individuals family offices sovereign wealth funds crowdfunding related financial terms aum cap table capital call capital commitment capital structure distribution waterfall ebitda envy ratio high yield debt ipo irr leverage liquidation preference m & a pme taxation of private equity and hedge funds undercapitalization vintage year private equity and venture capital investors private equity firms venture capital firms angel investors portfolio companies v t e largest private equity investment firms 3i group aac capital partners advent international alpinvest partners american capital apax partners apollo global management ares management bain capital bc partners berkshire partners the blackstone group bridgepoint capital candover the carlyle group ccmp capital cerberus capital management charterhouse capital partners cinven clayton dubilier & rice cvc capital partners doughty hanson & co encap investments eqt partners first reserve corporation fortress investment group general atlantic goldman sachs capital partners gtcr hellman & friedman h.i.g. capital jrk property holdings kkr trilantic capital partners leonard green & partners madison dearborn partners nordic capital oak investment partners oaktree capital management onex teachers private capital pacific equity partners pai partners permira providence equity partners sentinel capital partners silver lake partners summit partners sun capital partners ta associates terra firma capital partners thomas h. lee partners tpg capital warburg pincus welsh carson anderson & stowe private equity private equity firms venture capital firms portfolio companies retrieved from https en.wikipedia.org w index.php title ta associates & oldid 743301885 categories companies established in 1968private equity firms of the united statescompanies based in bostonta associatesmezzanine capital investment 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