Princeton, NJ-based Edison Partners closed its latest growth equity fund, at $275m.
Edison Partners VIII, the largest fund in the firm’s 30-year history and exceeded its $250m target, received support from corporate and public pension plans, endowments, fund-of-funds, insurance companies and family offices. Limited partners include New Mexico Educational Retirement Board, Hirtle Callaghan, ORIX Ventures, and The Honeywell Pension.
The fund targets investments in high-growth businesses in financial technology, healthcare IT, marketing technology and enterprise software. It has already invested in eight companies to date, including All Traffic Solutions, Clearpool Group, iQ media, Jornaya, Terminus, TripleLift, Solovis and VirtualHealth.
Founded in 1986, the firm is also celebrating its 30th year. Since inception, it has invested in more than 200 companies and completed 154 exits including FolioDynamix, NetProspex, and Premier Health Exchange (now Zelis Healthcare). The firm, whose active portfolio currently consists of 43 companies, has more than $1 billion in assets throughout the Eastern United States.
The investment team includes Ryan Ziegler, Chris Sugden, Joe Allegra, Michael Kopelman, Gary Golding, Lenard Marcus, Tom Vander Schaaff, Kelly Ford Buckley, and Gregg Michaelson.