2022 Year in Review
Resilience and opportunity
Throughout 2022, we were challenged by a rapidly changing macroeconomic environment and uncertainty in the global markets. Despite this volatility, TA has remained focused on executing our long-held investment strategy. Established and tested over more than five decades, our strategy is built on a foundation of discipline, clarity and resiliency – all of which TA, and most importantly, our team members, have exemplified in 2022.
With 2023 underway, we extend our thanks to our portfolio companies, operating advisors and partners for your continued support and trust in TA. We are proud to share a selection of achievements and developments from TA and our portfolio companies over the past year, and look forward to embracing the opportunities ahead.
Investing in Growth
New Investments
In 2022, TA invested in 20 new companies across our five target industries – technology, healthcare, financial services, consumer and business services – and invested further in nine existing portfolio companies.
Adding Value
TA’s investment staff, Strategic Resource Group and Capital Markets Group actively engaged with management at our portfolio companies, leveraging our depth of industry knowledge, experience, and resources to help drive profitable growth. Examples of the many ways we supported our companies in 2022 include:
Finance & Governance
Implemented KPI monitoring and upgraded financial systems and controls.
101
Capital Markets Transactions
$21.7B
Debt Capital Raised
Empowering Portfolio Companies
TA hosts events year-round to support our portfolio companies in their continued growth journeys. These in-person and virtual gatherings allow management teams and senior leaders to network and learn from both peers and industry practitioners. Over the past year, our cross-portfolio events, highlighted below, have had a combined participation of more than 900 professionals.
Our third Global CFO Conference in Washington, D.C. gathered CFOs and senior finance leaders from our portfolio companies for curated speakers, guided breakout groups and networking.
Our Inaugural Portfolio M&A Conference brought together executives from the TA network for sessions on driving value and accelerating growth through strategic acquisitions.
Six Virtual Roundtables hosted by TA offered valuable insights from subject matter experts on timely topics, including data-driven marketing, DE&I and women's leadership.
Portfolio Activity
We maintained a disciplined approach to liquidity in 2022, completing several full or partial sales, recapitalizations and one public offering.
In Liquidity
(Equity and Subordinated Debt)
Company Sales
Partial Sales / Recaps
IPO
Developing Our Team
TA is powered by our people and, in 2022, we continued to invest in our team by hiring and developing exceptional talent across the Firm. Notably, we expanded our senior leadership team with the appointments of Jennifer Barbetta as Chief Operating Officer and Lori Stachelski as Chief Talent Officer, and the promotion of Darlene Karis to Global Head of Human Resources.
We are pleased to feature our 2022 senior investment team, Strategic Resource Group and Capital Markets Group new hires; and recent, well-earned staff promotions.
Total Employees
New Hires
TA Staff Promotions
Samantha Ackerman
Vice President, Investor Relations
Taisuke Asada
Senior Vice President
Jennifer A. Barbetta
Managing Director and Chief Operating Officer
Elliott Brennan
Vice President, Capital Markets Group
Mike Donahue
Vice President, Strategic Resource Group
Georgia Dowdall
Vice President, Investor Relations
Hunter Fortney
Vice President
Vishal Gupta
Director
Dylan Hallman
Vice President
Hannah Hellebush
Vice President, Strategic Resource Group
Alexander Henderson Russell
Vice President, Strategic Resource Group
Jack Laszlo
Vice President
Kevin Leu
Vice President
Calvin O. Liou
Senior Vice President
Saransh Mehta
Vice President
Lori K. Stachelski
Chief Talent Officer
Fostering an Environment of Excellence
We are committed to fostering a culture that allows our portfolio companies, people and partners to reach for their highest potential. Our efforts have been recognized with several awards for TA and members of our team in 2022.
AGC Partners' ‘#1 Most Active Tech Private Equity Firm’
GrowthCap’s ‘Top 25 Growth Equity Firms of 2021’ (#1) and ‘Top 25 Private Equity Firms of 2022’
Employee Recognition
Ajit Nedungadi, CEO, was selected one of the Fifty Most Influential in Private Equity 2022 by Private Equity News and Financial News
Clara Jackson, Director, was featured in PE Hub’s Women in Private Equity: The Class of 2022
Jérémy Dréan, Principal, was named one of Private Equity News’ Rising Stars of Private Equity 2022
Amara Suebsaeng, Director, was named to GrowthCap’s list of the Top Women Leaders in Growth Investing of 2022
Hythem El-Nazer and Mike Libert, both Managing Directors, were named to GrowthCap's list of the Top Software Investors of 2022
Mike Libert, Managing Director, and Amara Suebsaeng, Director, were named to GrowthCap’s list of the Top 40 Under 40 Growth Investors of 2022
The Inc. Founder Friendly Investors list is an annual list that was presented 10/2022, which included a participation fee for consideration. The GrowthCap ’40 Under 40’ (12/2022), ‘Top Software Investors’ (10/2022), ‘Top Women Leaders’ (7/2022), ‘Top 25 Growth Equity Firms’ (2/2022) and ‘Top Private Equity Firms’ (9/2022) are annual recognitions that include a participation fee for consideration. PEI’s ‘Growth Equity Firm of the Year’ and ‘Mid-Market Firm of the Year’ are annual recognitions that were presented 3/2022. Private Equity News’ ‘Rising Stars of Private Equity’ (7/2022) and ‘Fifty Most Influential in Private Equity’ (12/2022) are annual recognitions. AGC Partners’ ‘Private Equity Year-End Report’ (12/2022), which TA provided information for upon request, is prepared annually. The 2022 HEC-DowJones PE Performance Ranking (2/2023) analyzed fund performance data between 2009-2018 provided by Preqin and reported directly to HEC-DowJones.
Our Commitment to ESG and DE&I
In October, we published our Inaugural ESG Report, summarizing TA’s cross-functional approach to ESG integration across the Firm and our investment processes. The report features a selection of ESG highlights from TA portfolio companies and steps we have taken to scale our Firm efforts over the past year, including joining the ESG Data Convergence Initiative (EDCI) and partnering with Initiative Climate International (ICI).
At TA, diversity, equity, and inclusion (DE&I) are critical to driving performance and enabling the change we want to see in our industry and society. In 2022, we continued to focus on expanding access and opportunity for diverse talent and promoting inclusion through several initiatives:
- We launched the second year of TA-CORE, a career partnership program with Evercore for historically underrepresented racial and ethnic groups in private equity and investment banking.
- We remained committed to hiring diverse talent by joining and making successful hires from TA’s partner organizations, Sponsors for Educational Opportunity (SEO), Level 20 and Management Leadership for Tomorrow (MLT).
- We signed Institutional Limited Partners Associations’ (ILPA) Diversity in Action initiative and CEO Action for Diversity & Inclusion pledge – the largest CEO-led business commitment to advancing DE&I in the workplace.
- We released the first episode of Proud in Private Equity, a limited series podcast developed by TA that aims to uplift the voices of LGBTQ+ professionals across the investing community.
Learn more about our commitment to responsibility here.