Sixpoint Partners, a global investment bank serving the middle market, has closed Delta-v Capital 2015 with USD232 million raised through limited partner capital commitments and its co-invested fund, Delta-v Capital 2015 Access Fund.
Delta-v Capital closed the fund in excess of its USD150 million target, receiving commitments from a number of top-tier investors, including public pensions, asset managers, family offices and corporate pensions.
Fund III’s strategy is to use Delta-v’s capital and experience to offer liquidity solutions and growth equity to enable private technology companies to realise a higher trajectory of growth and success.
The firm typically invests in companies with a minimum of 20 per cent growth and its secondary approach allows it to buy in at a 20-30 per cent discount to fair market value.
Delta-v, led by Rand Lewis and David Schaller, will seek to invest between USD2 million and USD20-plus million per single asset transaction across a broad set of technology sectors in the US.
Fund III was Sixpoint’s second unique secondary fundraise over the past two years.
“Delta-v’s leadership team brings together two exceptionally experienced private technology investors in Dave and Rand, who have worked through the many evolutions of the technology market over the last twenty years,” says Eric Zoller, founder and partner of Sixpoint Partners. “The fund is another example of the innovative private equity strategies Sixpoint delivers to our LPs.”
“By leveraging its vast network of both venture capitalists and private equity investors, Delta-v is well-positioned to source high quality transactions, execute on its investment strategy and deliver strong returns to its LPs. We look forward to continuing our partnership with the team into the future,” adds Larry Smith, partner of Sixpoint Partners.
