Paycor announced $270 million in new capital commitments co-led by Neuberger Berman and Qatar Investment Authority as it seeks to expand on opportunities in its offering of tech-oriented payroll services and human capital management offering.
Other new investors included ClearBridge Investments, Franklin Templeton, Leumi Partners and Teca Partners. Neuberger Berman is also an investment advisor to Paycor.
Paycor is also owned by $50 billion private equity advisory firm Apax Partners, which first invested in Paycor in 2018.
“Cloud HCM/Payroll is a large growing market with evolving customer needs,” said Jason . . .
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