SYDNEY–(BUSINESS WIRE)–BetaShares, a number one Australian ETF supervisor with greater than $16 billion in property below administration, in the present day introduced that it has acquired a major funding from TA Associates, a number one international development personal fairness agency, to gas a serious enlargement of its enterprise actions. Monetary phrases of the transaction weren’t disclosed.
BetaShares develops, launches and manages ETFs which might be traded on the Australian Securities Alternate (“ASX”). BetaShares provides one of many nation’s largest and most various vary of ETFs, with funds protecting Australian and worldwide shares, fastened earnings, money, currencies, commodities and different methods.
“We’re excited to welcome TA as an investor as we enter this subsequent section of our development,” stated Alex Vynokur, Founder and Chief Government Officer of BetaShares. “Over the previous 10 years, BetaShares has developed a market-leading place within the Australian ETF business, serving to democratise investing by increasing selection, decreasing prices and making high quality investments extra accessible than ever earlier than. Wanting on the decade forward, we now have a imaginative and prescient for the corporate to proceed growing into a number one, unbiased Australian monetary providers enterprise, providing a variety of high quality options to assist our shoppers attain their monetary objectives.”
As a part of the transaction, TA has acquired the shares held by Mirae Asset Monetary Group and different minority traders in BetaShares.
“We wish to take this chance to thank the group at Mirae Asset Monetary Group and, particularly, Founder and International Funding Technique Officer, Mr. Hyeon Joo Park, for his or her help and confidence in our enterprise through the years,” added Mr. Vynokur. “We’re proud to have made a contribution to the spectacular development of Mirae Asset Monetary Group.”
“TA has a protracted historical past of investing within the monetary providers business, having beforehand supported the expansion of a lot of main asset administration corporations globally, and we’re honoured to have the chance to spend money on BetaShares to assist additional the success of this nice enterprise,” stated Edward Sippel, head of TA Associates Asia Pacific Ltd. and a Managing Director at TA.
“We imagine that BetaShares’ sharp focus positions it to benefit from vital alternatives available in the market, notably because the broader monetary providers business is present process a interval of disruption and alter. We stay up for partnering with BetaShares’ administration group to assist additional speed up the corporate’s development by leveraging its current, highly-regarded providing, increasing its product depth, and enhancing its geographic footprint via acquisitions and strategic investments.”
Mr. Vynokur concluded: “This is a crucial milestone for BetaShares. We imagine that the following stage of development in our enterprise is ready to offer great alternatives for our shoppers, our group and our business companions.”
About BetaShares
BetaShares is a number one Australian supervisor of change traded merchandise (“ETPs”) traded on the Australian Securities Alternate. BetaShares provides the broadest vary of ETPs on the ASX, protecting Australian and Worldwide equities, fastened earnings, money, currencies, commodities, and different methods. BetaShares at the moment has over $16 billion in property below administration.
About TA Associates
TA Associates is a number one international development personal fairness agency. Centered on focused sectors inside 5 industries – monetary providers, know-how, shopper and enterprise providers and healthcare – TA invests in worthwhile, rising firms with alternatives for sustained development, and has invested in additional than 500 firms around the globe. Investing as both a majority or minority investor, the agency employs a long-term method, using its strategic assets to assist administration groups construct lasting worth in prime quality development firms. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments on the tempo of over $3 billion per yr. The agency’s greater than 100 funding professionals are primarily based in Boston, Menlo Park, London, Mumbai and Hong Kong. Extra details about TA might be discovered at www.ta.com