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Laxman Pai, Opalesque Asia:

Colorado-headquartered private equity investor Rubicon Technology Partners closed a new fund, Rubicon Technology Partners III, at over $1.25 billion, exceeding the fund target of $250 million set by the company.

The Fund was oversubscribed with strong support from both existing and new investors, said the firm focused on enterprise software investments.

"The Fund's diverse, institutional investor base includes North American and European public and private pension funds, charitable and healthcare foundations, and educational endowments, among others," it said in a press release.

"The Rubicon team is honored to partner with a world-class set of investors that are aligned with our culture and strategy. We are very pleased to have received such strong support from our existing investors and welcome our new limited partners," said the Rubicon partners.

"Rubicon helps software businesses accelerate growth with a proven set of approaches focused on increasing market share, executing M&A strategies, and implementing operational best practices that support increased scale and efficiency," it added.

Since its inception in 2012, Rubicon has completed 30 total transactions, including 12 platform investments and 18 add-on acquisitions. Rubicon typically makes control equity investments of $50-200 million into businesses with $15-75 million of annual recurring revenue, a leadership position in their markets and opportunities to accelerate......................

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