Motive Partners, a NYC-based investment firm focused on investing in financial services technology enabled companies, closed its inaugural fund, at more than $473m.
Motive Capital Fund I’s commitments came from public pension plans, sovereign wealth funds, alternative asset managers, family offices, endowments and foundations across North America, Europe, the Middle East and Australasia.
The fund is the firm’s debut private equity vehicle focusing on growth and buyout opportunities in financial and business services technology companies.
It has already invested in six portfolio companies including:
– Dun & Bradstreet,
– Global Shares,
– LMRKTS, and
Led by Rob Heyvaert, Founder & Managing Partner, Motive Partners aims to address opportunities in financial technology through an integrated platform with the capability to invest, operate and innovate across the financial technology ecosystem.
Motive Labs, the value-creation and innovation focused arm of Motive Partners, seeks to identify industry trends, working with a group of international financial institutions to prepare for the next generation of financial services infrastructure.
The firm partnered with Houlihan Lokey on the fundraise of the fund, which was led by Robert (Bob) Brown in his previous role as Global Co-Head of Houlihan Lokey’s Private Funds Group.
Motive also announced the appointment of Brown as a Founding Partner and member of the firm’s Executive Committee. He will oversee various functions including Capital Raising, Investor Relations, Business Development, Marketing and Communications.