Wednesday, March 29, 2006

LBO Wire - TA Associates

"TA Associates Inc., which just closed on two funds, has a new sales pitch for its limited partners.

The firm wants its investors to do business with its newest portfolio company, eSecLending, which it has just purchased from U.K.-based financial services concern Old Mutual PLC, said Kenneth Schiciano, a TA managing director. Terms weren't disclosed.

Boston-based eSecLending helps institutional investors make additional money on the stocks and bonds they own by loaning them out for short periods of time to investors like hedge funds who want to engage in short selling or other quick trading strategies."

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