Resurgens Technology Partners, a tech-focused private equity firm, has completed fundraising for Resurgens Technology Partners II (Fund II) with over $500 million in total capital commitments. Fund II was oversubscribed and reached its revised hard cap at close.
The latest fund will be a continuation of the firm’s established investment strategy, which is primarily focused on majority investments in North American and select European lower middle-market application and IT infrastructure software businesses.
Resurgens invests in founder-owned businesses and carve-out transactions, as well as recapitalisations of investor-owned companies. Since its founding, the firm has invested in 11 tech-focused platform companies and has closed nine add-on acquisitions. In addition, the firm has closed on three full or partial realiation transactions from its debut fund. Resurgens has also expanded its team to more than 25 professionals across its investment and operating teams.
Sparring Partners served as placement agent and Proskauer provided legal counsel for Fund II.
