Mainsail Partners, a San Francisco-based growth equity firm that invests in bootstrapped companies, closed its fourth fund, at $384m.
Mainsail Partners IV, L.P., was oversubscribed and closed in December and took just over two months to complete.
The firm will use the fund to continue its strategy of investing in bootstrapped companies and driving accelerated growth through operational expertise and management support.
A core component of Mainsail’s strategy is to provide operational support in specific areas to allow companies to sustain high growth rates via a dedicated operations team with functional expertise in sales, digital marketing, recruiting, product management, customer success and finance.
Led by managing partners Gavin Turner and Jason Payne, Mainsail invests in three core industry sectors: software, technology-enabled services and healthcare and has made more than 20 investments in bootstrapped companies over the past 13 years.
Recent investments include 3PL Central, Brilliant Earth, Ncontracts, nCourt, Netchemia, PlayMaker CRM, SQL Sentry and Zen Planner.