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Alternative Market Briefing

Mainsail Partners raises $915m for Fund VI

Wednesday, April 20, 2022

Laxman Pai, Opalesque Asia:

San Francisco-based investment firm Mainsail Partners has raised $915 million in limited partner capital commitments for its sixth fund, the largest in the firm's 19-year history.

According to a press release from the growth equity firm that seeks to invest in rapidly growing, bootstrapped software companies, the new fund, Mainsail Partners VI, was oversubscribed and closed in less than three months, bringing the total capital commitments raised by the firm to more than $2.2 billion.

Mainsail seeks to continue its strategy of targeting $30 million to $60 million investments in rapidly growing, founder-led software companies and providing significant operational support to help them scale.

Gavin Turner, Managing Partner and co-founder of Mainsail Partners said: "Last year was the most active in Mainsail's history in terms of the number of new investments and portfolio companies that were acquired or went public. We believe this momentum is a validation of our approach to partnering with bootstrapped founders and providing hands-on operational support to help their companies scale fast and efficiently."

Since 2003, Mainsail has invested in more than 60 bootstrapped companies and has built an in-house team intended to help software companies efficiently accelerate growth.

According to the company, its Operations Team is comprised of experienced technology operators who work closely with management teams to help them recruit exec......................

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