TA Announces Global Promotions

BOSTON, MA – TA Associates (“TA”), a leading global private equity firm, today announced several promotions across the Firm’s global offices, effective January 1, 2025.

Ajit Nedungadi and Hythem El-Nazer have been named Co-Managing Partners, further reinforcing their firmwide leadership roles.

Ajit will continue as CEO, a position he has held since 2021, and remain Chair of TA’s Executive Committee and the Core Investment Committee. Hythem will continue as co-head of TA’s North America Technology Group and assume the role of Chair of the Firm’s Management Committee. Together, Ajit and Hythem will guide TA’s investment strategy and oversee all aspects of Firm management, underscoring the Firm’s commitment to fostering strong, collaborative leadership as it navigates future opportunities.

On TA’s investment team, Max Cancre and Clara Jackson have been promoted to Managing Director; Yash Baheti, Hunter Fortney, Dylan Hallman, Jack Laszlo and Kevin Leu have been promoted to Senior Vice President; Davide Vitrò and Jerry Zhou have been promoted to Vice President; and Anirudh Goel has been promoted to Associate. Within the Strategic Resource Group, Akshay Srimal has been promoted to Senior Director.

“We are proud to begin 2025 by announcing these well-earned promotions,” said Ajit Nedungadi, CEO and Co-Managing Partner at TA. “These individuals truly embody TA’s core values and have consistently proven their ability to drive value for the Firm, our portfolio companies and investors. We are pleased to recognize their hard work and look forward to their continued success at TA.”

INVESTMENT STAFF PROMOTIONS

Max Cancre earned the promotion to Managing Director. Based in TA’s London office, Max focuses on investments in technology companies across Europe. He currently sits on the Board of Directors of Epassi Group, esPublico, Harvest, Hubexo, ITRS, Netrisk Group and Orisha, and is actively involved in the Firm’s investments in IFS, Interswitch and WorkWave. Prior to joining TA in 2010, he worked in the Investment Banking Division, Structured Finance Group at Barclays Capital.

Clara Jackson earned the promotion to Managing Director. Based in TA’s Boston office, Clara focuses on investments in financial services, financial technology and other services companies in North America. Currently, she sits on the Board of Directors of AffiniPay, AGA Benefit Solutions, Caprock, and Fintech, and is a Board Observer of Russell Investments. She is an active investor in Orion Advisor Solutions and Rectangle Health. Prior to joining TA in 2014, Clara was an Associate at TPG Growth and an investment banking Analyst at Goldman Sachs.

Yash Baheti earned the promotion to Senior Vice President. Based in TA’s Mumbai office, Yash focuses on investments in healthcare and financial services companies across India. Yash is actively involved in TA’s investments in Synokem Pharmaceuticals and Vastu Housing Finance, and was involved in TA’s prior investment in Indira IVF. Before joining TA in 2020, Yash worked as an Investment Professional at Multiples Private Equity.

Hunter Fortney earned the promotion to Senior Vice President. Based in TA’s Boston office, Hunter focuses on investments in business and financial services companies. He currently sits on the Board of Directors of Edmunds GovTech and PMA and is actively involved in TA’s investment in Benecon. Prior to joining TA in 2022, Hunter worked in the Industrials and Business Services Group at Warburg Pincus.

Dylan Hallman earned the promotion to Senior Vice President. Based in TA’s Menlo Park office, Dylan focuses on investments in financial and technology-enabled services companies in North America. He is actively involved in TA’s investments in Cliffwater and Wealth Enhancement Group and was previously an active investor in Procare Solutions. Prior to joining TA in 2017, Dylan was an Associate Consultant at Bain and Company.

Jack Laszlo earned the promotion to Senior Vice President. Based in TA’s Menlo Park office, Jack focuses on investments in technology companies in North America. He is actively involved in TA’s investments in Conservice, DigiCert, IGEL, Netwrix, PowerGEM and Technosylva. Prior to joining TA in 2022, Jack was an Associate at The Carlyle Group and an Analyst at Evercore.

Kevin Leu earned the promotion to Senior Vice President. Based in TA’s Boston office, Kevin focuses on investments in consumer brands, retail, consumer services and related companies in North America. He is actively involved in TA’s investments in Death Wish Coffee, Petcurean and PurposeBuilt Brands. Prior to joining TA in 2017, Kevin was in the Mergers & Acquisitions Group at BlackArch Partners.

Davide Vitrò earned the promotion to Vice President. Based in TA’s London office, Davide focuses on investments in business services, financial services and consumer companies across Southern Europe. He is actively involved in TA’s investments in esPublico, Nactarome and Surfaces Group. Prior to joining TA in 2020, he was in the Mergers & Acquisitions Group at Jefferies International Ltd.

Jerry Zhou earned the promotion to Vice President. Based in TA’s Hong Kong office, Jerry focuses on investments in companies in the Asia-Pacific region. He is actively involved in TA’s investments in Betashares and Yarra Capital Management. Prior to joining TA in 2020, he was in the Investment Banking Division at Goldman Sachs.

Anirudh Goel earned the promotion to Associate. Based in TA’s Mumbai office, Anirudh focuses on investments in financial services, consumer and technology companies in India and the Middle East. He is actively involved in TA’s investment in Vastu Housing Finance. Prior to joining TA in 2022, he was in the Capital Markets Practice at Bain & Company.

STRATEGIC RESOURCE GROUP PROMOTIONS

Akshay Srimal earned the promotion to Senior Director, Head of Europe, Strategic Resource Group (SRG). Based in TA’s London office, Akshay heads SRG’s activities across EMEA, focusing on identifying and driving value creation opportunities for TA’s portfolio companies. Since joining TA in 2015, Akshay has played a critical role in structuring SRG, expanding the team and consistently enhancing its operating model, particularly in Europe. Previously, Akshay was a Manager at Bain & Company.