Digital services investor Recognize, cofounded by Managing Partners Francisco D’Souza, Charles Phillips, and David Wasserman, has held the final close of its second fund, Recognize Partners II/II-A, with over $1.7bn in total commitments.
With Recognize II, the firm continues to focus on investing in companies with enterprise values between approximately $50m and $500m – businesses that Recognize believes offer strong potential for accelerated growth with the support of Recognize’s partnership-driven value creation approach.
Recognize II was oversubscribed and closed less than five months from launch, with strong support from existing investors, including a significant GP commitment, and a curated group of new investors.
The LP base includes leading global institutions such as endowments, foundations, pensions, insurers, family offices, outsourced CIOs, and fund-of-funds across the US, Europe, Asia, and Latin America.
Over the last six months, Recognize has made four new platform investments: SDG Corporation (cybersecurity services), Sprout (Digital Infrastructure Services), TRANZACT (insurance services), and HealthEdge (SaaS for healthcare payers).
The firm also completed two realisation events earlier this year: the exit of AST, sold to IBM, and a partial exit of 2X through a strategic investment by Insight Partners. In 2024, Recognize also sold Torc, an AI-powered talent platform, to a subsidiary of Randstad.
Recognize backs founders and management teams who are building differentiated businesses that leverage AI, software, and digital platforms to deliver transformative outcomes to enterprises.
Recognize was advised on the fundraise by Rede Partners Americas, with Goodwin Procter serving as legal and tax counsel.
