San Diego, CA-based, software-focused private equity firm TVC Capital has closed its second fund at $75m.
TVC Capital II received support from new and existing investors which include private equity fund of funds, institutional asset managers and family offices.
Led by Managing Partners (and co-founders) Jeb Spencer and Steven Hamerslag, and additional team members Christopher Noser, Mykel Sprinkles and Joanne Ward, the fund invests in and acquire software companies and software-enabled service firms throughout the U.S., which are at or tracking towards profitability, meet a mission-critical need of their customer base, and are in need of capital to accelerate growth.
FinSMEs
13/09/2012