Long Ridge Equity Partners, a NYC-based growth capital firm focused on the financial services sector, closed its second fund, at $227m.
Investors in LREP II include university endowments, pension funds, advisors, family offices, and a number of current and retired financial services executives.
Long Ridge Equity Partners II, LP,
Led by Jim Brown, Managing Partner, and Kevin Bhatt, Partner, Long Ridge provides growth capital and strategic resources to financial services companies. Sectors of interest include financial technology, business services, wealth management, and specialty finance.
The firm’s target companies typically have $5m to $50m of revenue and have generated significant growth under the leadership of exceptional management teams.
The current portfolio includes BlueTarp, Browz, Tradair, Equis, Stonegate Mortgage (NYSE: SGM) and Structured Portfolio Management, LLC. Previous investments include Currenex, Liquidnet, Portware, and Fxcm.