San Francisco and New York-based growth equity firm FTV Capital closed its fourth fund at $700m.
LPs include banks, insurance companies, public and corporate pension plans, college and university endowments, foundations, investment advisors, family offices, high net worth individuals and strategic investors globally.
FTV IV, L.P. will continue its focus on high-growth companies with innovative solutions, established business models and strong management teams. Core sectors of interest include enterprise solutions (business services and technology), financial services and payments/transaction processing.
Often the first institutional investor, the firm target companies with $10m to $100m in revenue and are growing 20% plus annually, profitable, and validated by blue chip enterprise customers and distribution partners.
Founded in 1998 and led by Richard Garman, Karen Derr Gilbert and Brad Bernstein, FTV Capital has invested in 81 portfolio companies including Aveksa (acquired by RSA, the security division of EMC), Castle Pines Capital (acquired by Wells Fargo), Coremetrics (acquired by IBM), ExlService (IPO), Financial Engines (IPO), Fleet One (acquired by Wright Express), Mu Sigma (sold to shareholders), PowerShares (acquired by Invesco), Varicent (acquired by IBM) and Verus Financial Management (acquired by The Sage Group).
FinSMEs
27/03/2014