FTV Capital, a sector-focused growth equity investment firm, has held the final closing of its fourth fund, FTV IV, with USD700m of limited partner commitments.
Formed to continue the growth equity strategy of its predecessor fund, FTV IV had an initial target of USD500m and was significantly oversubscribed.
FTV Capital has raised over USD1.8bn across four funds since its inception.
FTV will continue its focus on high-growth companies with innovative solutions, established business models and strong management teams that value its collaborative approach to building great companies. FTV invests at the intersection of its core sectors — enterprise solutions (business services and technology), financial services and payments/transaction processing — where its market insight, domain expertise, track record and global partner network can add value.
FTV target companies have USD10m to USD100m in revenue and are growing 20 per cent plus annually, are typically profitable, and are validated by blue chip enterprise customers and distribution partners.
Investors in FTV IV are globally diverse and include banks, insurance companies, public and corporate pension plans, college and university endowments, foundations, investment advisors, family offices, high net worth individuals and strategic investors.
“We are extremely grateful for the support of our existing investors who value our distinct approach to growth equity investing and the strong results we have generated,” says Richard Garman, FTV Capital managing partner. “Our long-tenured team, deep sector knowledge, theme-based sourcing approach and unique global partner network were also appealing to high quality, new investors who have chosen to partner with FTV. We are very excited to welcome our new investors to the fund.”
