TELEO Capital Management, LLC (TELEO), a lower mid-market private equity firm specialising in acquiring corporate carve-outs and other complex transactions across enterprise software and tech-enabled services, has closed TELEO Capital Fund II (Fund II) at its hard cap of $350m in Limited Partner capital commitments.
Fund II was significantly oversubscribed and drew commitments from a diverse array of new and existing institutional investors.
The fund includes the acquisition of Softrax, a provider of revenue recognition and billing management software, was acquired from TELUS Corporation. TELEO is accelerating Softrax’s product roadmap and expanding go-to-market capabilities to better serve current and future customers.
The firm’s team has collectively executed over carve-outs over the course of their careers. With over 25 investment and operational professionals, the company says its focus on corporate carve-outs enables it to navigate complexities, minimise distractions, and help businesses which are undergoing operational or strategic challenges return to growth.
