New York-based Vertica Capital Partners closed its first private equity fund at $205 million.
The fund was significantly oversubscribed, according to officials, who are partnering with leading software entrepreneurs who have built high growth companies. Some of these include software firms FareHarbor, Splunk and Thycotic.
The investors in the new fund include software entrepreneurs, university endowments, charitable foundations, family offices, pension funds, funds of funds and other financial institutions.
"Vertica Capital Partners is a firm built to serve the needs of capital-efficient software businesses," said co-founder Vitaly Vorobeychik. "We are . . .
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