Silversmith Capital Partners, a Boston, MA-based private equity firm, closed its second fund, at $670m.
Silversmith Capital Partners II, L.P., received support from its existing investor base of endowments, foundations, fund of funds, and pension funds, while also adding a small number of new investors and more than 25 CEOs, founders, and industry executives.
The fund will focus on growth companies in two core industry verticals:
– Software-as-a-Service & Information Services; and
– Healthcare Information Technology & Services.
Founded in 2015 by Jim Quagliaroli, Jeff Crisan, Todd MacLean, and Lori Whelan, Silversmith Capital Partners is a growth equity firm with $1.1 billion of capital under management. The firm seeks to invest $15 million to $75 million per company.
Silversmith closed its first fund of $460m in August 2015 with pepresentative investments including ActiveCampaign, Centauri Health Solutions, Digital Map Products, Impact Radius, LifeStance Health, Nordic Consulting Partners, and Partners Surgical.
The firm has a team of 13 investment professionals in addition to four senior industry advisors.