FTV Capital, a San Francisco, CA and New York, NY-based growth equity investment firm, closed its fifth fund, at $850M.
FTV V, L.P., will continue to focus on high-growth companies with with $10m to $100m in revenue, 20% plus annual revenue growth, profitable business models, and blue chip enterprise customer and distribution partner validation operating in such sectors as enterprise technology & services, financial services, and payments & transaction processing.
The firm, which has raised $2.7 billion across five funds and invested in over 90 portfolio companies since the firm’s inception in 1998, also provides companies with access to its Global Partner Network, a group of leading enterprises and executives who have helped FTV portfolio companies for nearly two decades.
FTV Capital has offices in San Francisco and New York. The San Francisco office is led by managing partner Richard Garman while the NYC office is led by managing partner Brad Bernstein. Karen Derr Gilbert, partner in charge of business development, led the fundraising efforts.
To date, the firm has invested in 92 portfolio companies with previous exits including CardConnect (NASDAQ: CCN in 2016), MarketShare (Acquired by Neustar in 2015), TrustWave (Acquired by Singapore Telecom in 2015), Globant (IPO in 2014, NYSE: GLOB), MedSynergies (acquired by Optum/UnitedHealthcare in 2014), and Mu Sigma (sold to shareholders 2012).