Glade Brook Capital Partners, a Greenwich, CT-based global growth equity investment firm, closed Glade Brook Strategic Growth III, at $430m.
More than 90% of SG III commitments are from Glade Brook’s existing partners across the globe, including leaders from the sovereign wealth, endowment, insurance, family office, RIA and technology founder communities.
Through SG III, Glade Brook will seek to partner with 12-15 portfolio companies over the 2022-2024 investment period, focusing on emerging leaders across software, e-commerce, fintech, web3, internet, digital health and digital media. It is focused on growth equity investments at the Series B and C stages.
Led by Paul Hudson, Founder & Chief Investment Officer, Kyle Daniel, Partner and Chief Operating Officer, Glade Brook Capital Partners is a global growth equity firm investing in emerging leaders in the internet and software sectors. With more than $1.5 billion in assets, the firm targets companies at key inflection points and often creates and leads growth financings at the Series B and C stages. Glade Brook Capital Partners has completed 64 private investments across 33 companies.
Glade Brook Strategic Growth I, which began investing in 2017, is fully deployed. It has generated a gross IRR of 41% (35% net), with a gross multiple of 2.8x (net 2.1x), and gross distributions to limited partners of 1.5x (net 1.2x). Glade Brook Strategic Growth II, which began investing in 2019, is 90% deployed and has delivered a gross IRR of 70% (58% net) with a gross multiple of 1.9x (net 1.6x).
Past investments have included companies such as Airbnb, Axios, Capsule, Lyft, Snapchat and Uber.
FinSMEs
14/06/2022