Long Ridge Equity Partners, a NYC-based sector-focused private equity firm, closed Long Ridge Equity Partners III, at $445m.
It included $400m of Limited Partner commitments plus an additional $45m of commitments from the General Partner and members of the firm’s Industry Advisor Network. The investor base for Fund III, which closed on Friday, October 9th, 2020, is comprised of endowments and foundations, public pensions, funds of funds, insurance companies, wealth managers, and family offices in North America, Asia, and the Middle East. Monument Group served as the exclusive advisor and placement agent and Proskauer Rose served as legal advisor for Long Ridge Equity Partners III.
Consistent with its predecessor funds, Fund III will target majority and significant minority investments in high-growth financial and business technology companies led by exceptional management teams.
Founded in 2007, Long Ridge invests in companies that are transforming the financial and business technology sectors. With $900 million of committed capital, the firm partners with visionary entrepreneurs to build industry leaders. Long Ridge targets $15 to $75 million equity investments in both majority and significant minority positions. Representative investments include Broadway Technology, Browz, Carson Group, and Portware.
Key people of the firm are Jim Brown, Founder & Managing Partner, and Kevin Bhatt, Managing Partner.