Ethos Capital LP has completed a continuation vehicle transaction for its portfolio company Identity Digital, bringing in institutional investors including TPG GP Solutions, funds managed by Neuberger, Accel-KKR, Coller Capital, CVC Secondary Partners, British Columbia Investment Management Corporation, and 10 East, among others.
The transaction enables Ethos to support Identity Digital’s next stage of growth, while offering existing investors the opportunity for liquidity.
Identity Digital operates mission-critical internet domain name system infrastructure that powers trusted online identity and helps organisations establish and secure their digital presence. Since Ethos’ initial investment in 2021, the company has expanded its platform, integrated acquisitions and continued to innovate.
Evercore (PCA) served as lead financial advisor, and Moelis & Company LLC (TMT) served as a co-advisor for the transaction. Kirkland & Ellis LLP served as legal counsel.
