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Long Ridge closes oversubscribed Fund IV at $730m

Long Ridge Equity Partners, a private equity firm focused on growth companies in the financial and business technology sectors, has held the first and final closing of Long Ridge Equity Partners IV with $730m of total commitments.

Long Ridge Equity Partners (Long Ridge), a private equity firm focused on growth companies in the financial and business technology sectors, has held the first and final closing of Long Ridge Equity Partners IV (Fund IV) with $730m of total commitments.

After three months of fundraising, the significantly oversubscribed fund held a single close at its hard cap of $650m of limited partner commitments plus an additional $80m of commitments from the general partner and the firm’s network of executives and advisors.

New and returning investors in Fund IV include endowments, foundations, public pensions, asset managers, insurance companies, wealth managers, and family offices. All of the institutional investors in Long Ridge Equity Partners III returned as investors in Fund IV.

Consistent with its predecessor funds, Fund IV will target majority and significant minority investments in high-growth financial and business technology firms led by exceptional management teams.

Monument Group served as the exclusive global advisor and placement agent and Proskauer Rose served as legal advisor for Long Ridge Equity Partners IV.

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