Parallax Capital Partners, LLC, a California-based private equity firm focused on making control equity investments in lower middle market software and related technology companies, held the final closing of its private equity fund, at $115m.
Parallax Capital Fund will continue to execute on its strategy of investing in software and related technology companies with a specific focus on companies with revenues between $5m and $100m.
The vehicle has completed three investments to date.
Founded in 1999 and led by James Hale, Managing Partner, Parallax Capital Partners has participated in over 20 transactions, including with such companies as Micro Focus, Inovis, TriSyn, MultiGen, Computron, and Daptiv.
The firm considers complex transactions or turnarounds, including leveraged buy-outs, recapitalizations, corporate divestitures, spin-offs, and build-ups.
FinSMEs
12/05/2014