Wed, Dec 7, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Lead Edge Capital lands nearly $2bn tech-focused fund for growth-equity bets

Monday, April 11, 2022

Laxman Pai, Opalesque Asia:

New York City-based growth equity investment firm Lead Edge Capital (LEC) raised $1.95 billion for its largest fund to date, Fund VI, to make bets on software, internet, consumer, and tech-enabled service companies.

The technology-focused growth stage investment fund said in a press release that it has an investor base of over 500 limited partners and institutions.

The pool follows a $950 million fund that Lead Edge closed in October 2020 - also from around 500 investors - and which brought the firm's assets at the time to $3 billion. The addition of Fund VI brings the firm's total capital raised since inception to $5 billion.

"With the help of our dedicated LP base, we've taken an innovative, hands-on approach to support founders and differentiate ourselves," said Mitchell Green, Founder and Managing Partner of Lead Edge Capital.

Limited Partners come from companies including Charles Schwab, Capital One, Disney, NetSuite, Colgate-Palmolive, eBay, Microsoft, Xerox, Unilever, Google, Cisco, Saks, Autodesk, Intuit, ESPN, and many more.

"Fund VI will be an extension of this strategy, continuing to drive results for portfolio companies and build a network of global leaders to serve the next generation of software, internet, and consumer service businesses," Mitchell added.

LEC will target making equity investments of between $15 million and $200 million per portfolio company from Fund VI and continue its focus on investing prim......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Marks delves into what really matters[more]

    B. G., Opalesque Geneva: Howard Marks, co-founder and co-chairman of Oaktree Capital Management, weighs what should and should not matter for investors in his latest memo last week. Among the things t

  2. Legal: British fund manager Jeremy Leach and his firms settle fraud litigation for $11.5m, DOL slams lawsuit seeking to overturn crypto guidance[more]

    British fund manager Jeremy Leach and his firms settle fraud litigation for $11.5m From Offshore Alert: Four days before a trial was due to start in the Cayman Islands, British fund manager Jeremy Leach and eight of his firms settled a fraud complaint by agreeing to pay $11.5 million o

  3. Family offices upbeat on private assets, reduce public assets exposure[more]

    Laxman Pai, Opalesque Asia: Family offices are investing more in private assets and cutting back on investments in public markets, with higher risk-adjusted returns cited as the main driver, said a study. According to the survey findings by German digital private equity firm Moonfare, and the

  4. Opalesque Exclusive: A Swiss managed futures strategy that can offer diversification to any portfolio[more]

    B. G., Opalesque Geneva for New Managers: TARO (R) Diversified is a Swiss algorithmic and systematic investment strategy that offers diversification benefits to almost any professionally managed portfolio through it

  5. Alts manager Medalist Partners acquires a minority stake in Semper Capital to tap opportunities in structured credit[more]

    Laxman Pai, Opalesque Asia: Medalist Partners, which specializes in private credit, has acquired a minority stake in Semper Capital to extend its offerings to the mass market. Medalist currently manages approximately $2.2 billion in assets across strategies in asset-based private credit, struc