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Silversmith Capital Partners raises $1.25bn for fourth growth equity fund

Silversmith Capital Partners (Silversmith) has held the first and final close of its fourth fund, Silversmith Capital Partners IV (Fund IV), which was significantly oversubscribed, at its hard cap of $1.25 billion.

In addition to the $1.25 billion from limited partners, the Silversmith team will contribute $90 million to Fund IV. 

Fund IV is the firm’s largest to date and brings total capital raised to more than $3.3 billion since its founding in 2015. 

Consistent with the strategy of its predecessor funds, Fund IV will focus on partnering with and supporting the best entrepreneurs leading growing, profitable technology and healthcare companies.

Silversmith received strong support from its existing investor base of leading endowments, foundations, fund-of-funds and pension funds, while also adding a small number of new institutional investors. In addition, 50 CEOs, founders, and industry executives invested in Fund IV. The firm closed its first fund of $460 million in 2015, its second fund of $670 million in 2018, and its third fund of $880 million in 2020.

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