FTV Capital, a growth equity investment firm, closed its seventh vehicle, FTV VII, at $2.3 billion.
The fund saw substantial renewed and increased commitments from existing investors, with nearly 100 percent of limited partners in its previous fund committing to FTV VII, as well as commitments from new limited partners. These investors are diversified by size, type and geography across North America, Europe, Asia-Pacific and the Middle East.
The firm will continue its 24-year track record of investing in innovative, high-growth companies across the enterprise technology, financial services and payments landscapes. This new fund provides FTV flexibility to make control and significant minority equity investments, often as the first institutional investor, generally ranging from $30 to $200 million that align with the objectives of company management teams to accelerate growth and expansion.
FTV has always been committed to supporting management teams through engagement and leadership on company boards and by leveraging its Global Partner Network®, comprised of over 500 executives from the world’s leading financial services institutions, to exchange market insights and drive targeted commercial outcomes. Furthermore, FTV PropelSM, the firm’s dedicated team of operational specialists spanning talent, business development, sales, go-to-market, marketing and technology, is solely focused on delivering strategic value and operational guidance to portfolio companies to catalyze their growth.
With the close of FTV VII, FTV has raised $6.2 billion, invested over $4 billion in 130 portfolio companies and realized over $6 billion since the firm was founded in 1998.
FTV has offices in San Francisco, New York and Connecticut.