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Laxman Pai, Opalesque Asia: Linse Capital, a growth equity firm investing in technology companies, announced the successful close of $700 million in capital raised.
The San Juan, Puerto Rico-headquartered growth equity firm said in a press release that the capital will be allocated across the firm's flagship fund -- Linse Capital Fund I (LCFI) -- alongside two co-investment vehicles for portfolio companies Skydio and Verkada.
LCFI has a dedicated commitment of $563 million to invest in world-leading industrial technology companies, it said.
Michael Linse, formerly a partner at Kleiner Perkins, founded Linse Capital in 2015. He and Bastiaan Janmaat manage the firm and previously worked together as investors in Goldman Sachs' Special Situations Group.
According to the release, since the firm's inception, Linse Capital has raised more than $1.1 billion in committed capital. Linse Capital is backed by more than 400 family office investors, in addition to leading investment firms including affiliates of Oppenheimer & Co., and investment arms of publicly traded companies across the transportation, energy, logistics, and real estate industries, including Daimler Truck, and Taiwan Mobile.
"LCFI will embrace Linse Capital's concentrated strategy of investing in a select handful of new companies per year, investing between $100 million and $400 million in each business over time. Linse Capital aims to become the largest or one of the largest shareholders at the ...................... To view our full article Click here
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