Aldrich Capital Partners, a Vienna, Virginia-based growth equity firm, closed its debut institutional fund, at more than $256m.
Institutional investors in Aldrich Capital Partners Fund I, LP, include endowments, foundations, pension funds, and family offices.
The fund makes growth equity investments, including both control and minority investments, in North American-based lower middle market companies generally focusing on three technology sectors:
– healthcare IT,
– financial technology, and
– application software.
Launched in May 2017, the fund has already made three investments, in:
– Woundtech, and
Founded in 2014 by Founding Partners Raheel (Raz) Zia and Mirza Baig, Aldrich Capital Partners invests equity capital in privately held growing companies also providing strategic insight and access to a broad network of relationships built in over 40 combined years of entrepreneurship and investing.
The firm also has an office in Silicon Valley.