Sageview Capital closes software & technology focused growth fund at USD710m
Sageview Capital, a private investment firm focused on providing growth capital and operational support to tech-enabled businesses, has held the final closing of Sageview Capital Partners III (Fund III).
The Fund exceeded its target of USD600 million and was oversubscribed, closing at USD710 million. Consistent with prior funds, the Sageview Capital team is the largest single investor in Fund III, creating strong alignment with the firm’s investors and the entrepreneurs it backs.
Fund III will continue Sageview Capital’s successful strategy of providing growth capital and operational support to fast-growing software and tech-enabled businesses that are well-positioned to be industry leaders, with ambitious management teams and category-leading products and services. Sageview Capital manages a concentrated portfolio of roughly 15 investments to ensure high-level focus and involvement in each company. As active partners, the Sageview Capital team leverages its industry experience, extensive Global 2000 network, and deep operational expertise to help its companies grow and reach their potential.
"We are grateful for the support received from both our existing and new investors and look forward to executing our proven investment strategy. The Fund has already made six compelling investments. We are currently evaluating many more, each with the potential to realise strong returns for our investors and all stakeholders,” says Scott Stuart, Co-Founder and Managing Partner at Sageview Capital.
"We're proud of the team we've built and the success we've had to date. With this new pool of capital, we're excited to build on our record of investing in exceptional software and tech-enabled businesses. We will continue to leverage the firm’s expertise to support our entrepreneurial partners and scale companies that are well-positioned to become the industry leaders of tomorrow,” says Ned Gilhuly, Co-Founder and Managing Partner at Sageview Capital.