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Laxman Pai, Opalesque Asia: Rubicon Technology Partners, which invests in lower middle-market enterprise software companies, announced the successful closing of its latest fund, Rubicon Technology Partners IV, at approximately $1.7bn.
This represents a 34% increase in size from its predecessor fund, Rubicon Technology Partners III, which closed in 2020, said a media release from the private equity firm focused on enterprise software investments.
Fund IV received strong support from both existing and new investors comprising a broad range of leading global institutions, including public and private pension funds, consultants, foundations, endowments, and family offices, it said.
"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 are excited to welcome our new limited partners," said the Rubicon partners.
"We believe Rubicon's conviction in the enterprise software market and our experience in helping founders and management teams build market-leading companies continues to position us as a partner of choice, and we are excited to continue executing our differentiated strategy," the company added.
According to the release, Rubicon will continue to pursue its dedicated investment strategy of partnering with founders and management teams to build market-leading enterprise software companies by ...................... To view our full article Click here
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