|
Laxman Pai, Opalesque Asia: Boston-based growth equity firm Silversmith Capital Partners announced the final close of its fourth fund with $1.25B in capital commitments from limited partners.
Fund IV will follow the investment strategy of its preceding funds of backing profitable SaaS, IT, healthcare services, and healthcare IT startups. Silversmith's team has contributed an additional $90 million to the fund.
According to a press release from the company, Fund IV is the largest to date and brings the total capital raised to more than $3.3 billion since its founding in 2015.
Silversmith received strong support from its existing investor base of leading endowments, foundations, fund-of-funds, and pension funds, while also adding a small number of new institutional investors.
In addition, 50 CEOs, founders, and industry executives invested in Fund IV. The firm closed its first fund of $460 million in 2015, its second fund of $670 million in 2018, and its third fund of $880 million in 2020.
Consistent with the strategy of its predecessor funds, Fund IV will focus on partnering with and supporting the best entrepreneurs leading growing, profitable technology and healthcare companies.
"Our investment strategy was built on four bedrock tenets that have not changed over the past seven years - invest in markets we know, invest in companies as they inflect, invest in companies that are capital efficient, and partner with truly exceptional entrepreneurs," said...................... To view our full article Click here
|
RSS
