TA Associates, a global growth private equity firm, has made an investment in BetaShares, an Australian ETF manager. BetaShares develops, launches and manages ETFs that are traded on the Australian Securities Exchange. BetaShares offers a range of ETFs, with funds covering Australian and international shares, fixed income, cash, currencies, commodities and alternative strategies.
“We are excited to welcome TA as an investor as we enter this next phase of our growth,” said Alex Vynokur, founder and chief executive officer of BetaShares. “Over the past 10 years, BetaShares has developed a market-leading position in the Australian ETF industry, helping democratise investing by expanding choice, lowering costs and making quality investments more accessible than ever before. Looking at the decade ahead, we have a vision for the company to continue developing into a leading, independent Australian financial services business, offering a wide range of quality solutions to help our clients reach their financial goals.”
“TA has a long history of investing in the financial services industry, having previously supported the growth of a number of leading asset management firms globally, and we are honored to have the opportunity to invest in BetaShares to help further the success of this great business,” said Edward Sippel, head of TA Associates Asia Pacific Ltd. and a managing director at TA.