Cohere Capital Partners, a Boston, MA-based private equity firm focused on investing in tech-enabled lower middle market companies, closed Cohere Capital Fund II, at over $215M.
The firm has also received a strategic minority investment from TPG NEXT, TPG’s strategy focused on seeding and scaling new investment firms.
Cohere supports a portfolio of companies across the IT services, cloud consulting, digital advertising and marketing, e-commerce, and consumer engagement and loyalty services sectors.
In Fund II, Cohere will continue to invest across these markets and others, seeking to partner with founder- and management-owned businesses looking for a capital partner to help drive success and growth.
Through its partnership with TPG NEXT, Cohere will gain access to TPG’s network, operational and investment capabilities, and ecosystem to support strategic business building and expansion, including in areas such as capital formation, investment sourcing, and diligence.
Co-founded by Nik Shah and Daniel Gedney, Cohere Capital is a private equity firm focused exclusively on lower middle market growth companies. It has a flexible mandate across growth markets, but primarily targets recapitalizations and growth investments in rapidly growing technology-enabled services companies.
FinSMEs
20/01/2025