True Wind Capital, a San Francisco-based private equity firm focused on investing in leading technology companies, closed its second fund, True Wind Capital II, L.P., at $817m.
True Wind received significant support from existing Limited Partners from Fund I and added many new, notable LPs. The Fund II LP base consists of leading pension funds, asset managers, foundations, endowments, family offices, and technology industry leaders across North America, Europe, and Asia.
The vehicle will continue True Wind’s strategy of partnering with strong management teams and investing in technology companies across niche sectors within large and growing markets, including software, data analytics, tech-enabled services, internet, financial technology, and hardware.
Notable investments already in Fund II include the acquisition of AIA Contract Documents, a premier provider of gold-standard, customizable contracts for the architecture, engineering and construction industries that enhance legal workflow, and Rover Group (NASDAQ: ROVR), a marketplace for pet services in the U.S.
Launched in 2015 by Adam Clammer and James H. Greene, Jr., who previously founded and led KKR’s Global Technology Group, True Wind Capital is a private equity firm focused on investing in leading technology companies. It has a broad investing mandate, with deep industry expertise across software, data analytics, tech-enabled services, internet, financial technology, and hardware.
True Wind’s first fund raised $558 million in 2017. Notable Fund I investments include Open Lending (NASDAQ: LPRO), Sysnet Global Solutions, Zix (NASDAQ: ZIXI), Transflo, and LeadVenture.