SAN FRANCISCO, Nov. 11, 2021 /PRNewswire/ -- True Wind
Capital ("True Wind" or "the Company"), a San Francisco-based private equity firm
focused on investing in leading technology companies, today
announced the successful close of its second fund, True Wind
Capital II, L.P., ("Fund II" or the "Fund") with $817 million in equity commitments, exceeding the
Fund's target.
True Wind was launched in 2015 by Adam
Clammer and James H. Greene,
Jr., who previously founded and led KKR's Global Technology
Group. Fund II will continue True Wind's strategy of partnering
with strong management teams and investing in leading technology
companies across niche sectors within large and growing markets,
including software, data analytics, tech-enabled services,
internet, financial technology, and hardware.
True Wind received significant support from existing Limited
Partners from Fund I and added many new, notable LPs. The Company's
Fund II LP base consists of leading pension funds, asset managers,
foundations, endowments, family offices, and technology
industry leaders across North
America, Europe, and
Asia.
Adam Clammer, Founding Partner of
True Wind, said, "We are grateful for the continued confidence and
strong support we received for Fund II from a diverse group of new
and existing high caliber investors. True Wind continues to
distinguish itself as a leading technology-focused investor by
bringing large cap experience to the lower middle market and
positioning our portfolio companies for enduring success."
Notable investments already in Fund II include the acquisition
of AIA Contract Documents, a premier provider of gold-standard,
customizable contracts for the architecture, engineering and
construction industries that enhance legal workflow, and Rover
Group (NASDAQ: ROVR), a leading marketplace for pet services in the
U.S.
James H. Greene, Jr., Founding
Partner of True Wind, added, "True Wind continues to leverage our
seasoned team's operational capabilities and proven ability to
source attractive investment opportunities. We look forward to
continuing to provide our portfolio companies and their management
teams with the investment capital and long-term strategic and
operational support they need to scale and continue
innovating."
True Wind's first fund raised $558
million in 2017. Notable Fund I investments include Open
Lending (NASDAQ: LPRO), Sysnet Global Solutions, Zix (NASDAQ:
ZIXI), Transflo, and LeadVenture.
About True Wind Capital
True Wind Capital is
a San Francisco-based private equity firm focused on investing
in leading technology companies. True Wind has a broad investing
mandate, with deep industry expertise across software, data
analytics, tech-enabled services, internet, financial technology,
and hardware. Founded in 2015, True Wind has completed 10 platform
investments and 20 add-on acquisitions. For more information,
please visit https://www.truewindcapital.com.
Media Contacts:
Jonathan
Gasthalter/Nathaniel
Garnick
Gasthalter & Co.
(212) 257-4170
View original
content:https://www.prnewswire.com/news-releases/true-wind-capital-raises-817-million-for-second-fund-301421886.html
SOURCE True Wind Capital