TA Associates closed its 11th fund, the $4 billion TA XI, exceeding its original target of $3.5 billion, confirmed spokesman Philip Nunes.
TA’s 11th fund will invest in companies, both buyouts and minority investments in midmarket companies in the technology, financial services, business services, health care and consumer industries.
Investors in the fund include the $39.4 billion Massachusetts Pension Reserves Investment Management Board, Boston, and the $12.1 billion San Francisco City and County Employees’ Retirement System.
The $3.5 billion TA X closed in March 2006.
