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TA Associates makes strategic investment in ASX-listed BetaShares
REUTERS/Thomas White
March 8, 2021
Global private equity firm TA Associates has made a significant investment in BetaShares, an Australian exchange-traded fund (ETF) manager with more than $16 billion in assets under management, according to a statement.
As part of the transaction, TA has acquired the shares held by Mirae Asset Financial Group and other minority investors in BetaShares.
The financial terms of the transaction were not disclosed.
ASX-listed BetaShares offers a diverse 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 BetaShares founder and CEO Alex Vynokur.
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