Funds managed by Blackstone GP Stakes have made a minority investment in FTV Capital, a private investment firm with a 25-year track record of investing in companies across the enterprise technology, financial services and payments landscapes.
Blackstone GP Stakes specialises in value-added, long-term investments in the management companies of private equity firms.
FTV seeks to make control and significant minority equity investments, often as the first institutional investor, generally ranging from $30 to $200 million that align with the objectives of company management teams to accelerate growth and expansion. The firm’s most recent fund, FTV VII, closed in early 2022 with $2.35 billion in capital commitments and was oversubscribed. FTV has raised $6.2 billion, invested over $4.8 billion in 137 portfolio companies and realised $6.3 billion since the firm was founded in 1998. The firm is celebrating its 25th anniversary this year.
Evercore served as financial advisor to FTV. Kirkland & Ellis served as legal advisor to FTV and Fried Frank served as legal advisor to Blackstone.
