Greenfield Partners, a Tel Aviv, Israel-based investment firm, closed a $150m fund.
The firm will continue its strategy of supporting early growth stage Israeli and Israel-related technology and tech-enabled businesses.
Initially established in 2016 by TPG Growth as an investment platform for early growth stage Israeli and Israel-related technology investments, Greenfield Partners is now an independent firm. The team – led by co-managing partners Yuda Doron and Shay Grinfeld – applies operating experience with the support of a global network to help strengthen and grow its portfolio companies.
The Fund’s investments currently include Avanan, BigPanda, Guardicore, and Vast Data.
Greenfield Partners and TPG Growth will continue to seek opportunities for collaboration on selected growth stage Israel-related investments.
Following the Fund’s close, Avery Schwartz, a former investment banker at Goldman Sachs, was promoted to Partner after two years with Greenfield Partners. Raz Mangel, previously an investment banker at Barclays, was promoted to Principal, also after two years with Greenfield Partners, and Daniel Milstein, a former investment banker at RBC Capital Markets, has been promoted to Senior Associate.