Edison Partners, a Princeton, N.J.—based growth investment firm, closed its latest equity fund, at $365m.
Edison Partners IX was oversubscribed from its $300M target and is the largest in the firm’s 32-year history. Investors include corporate and public pension plans, endowments, fund-of-funds, insurance companies and family offices, The list features New Mexico Educational Retirement Board, Rutgers University, Hirtle Callaghan, American Family Insurance and Renaissance Venture Capital Fund.
Led by Chris Sugden, Managing Partner, Edison Partners exclusively focuses on growth investing across three key sectors:
– Enterprise Solutions,
– Financial Technology, and
– Healthcare IT.
Edison Partners brings both investing and operating resources to every investment. This integrated, team-based approach is powered by the Edison Edge operating platform, which spans go-to-market effectiveness, financial planning and controls, SaaS and data product management, human capital management, board leadership, M&A, and capital formation and exit strategies.
Launched in 1986, Edison Partners has invested in more than 200 companies and completed 180 total exits. Recent exit successes include ComplySci, Billtrust and eSentire. The firm’s active portfolio currently consists of 42 companies. More than 90 % of the current investments are in the MidAtlantic, Midwest, Southeast and South, with active and recently exited investments in Florida, Georgia, Indiana, Maryland, Michigan, New Jersey, Ohio, Pennsylvania, Texas and Virginia.
Edison IX has already made four investments, three in the Midwest, including Blue Medora (Grand Rapids, Michigan), Emplify and Sigstr (Fishers and Indianapolis, Indiana), and Giant Oak of Arlington, Virginia.