Crosspoint debuts software-focused fund at $1.3bn
Crosspoint Capital Partners closed its inaugural fund focused on cybersecurity, privacy and infrastructure software sectors at $1.3 billion, making it of the largest first-time, technology-focused private equity funds ever raised.
Crosspoint Capital Fund I will likely be a concentrated portfolio if investments with a focus on operations and value creation post-investment. Crosspoint made its first significant investment in Forescout Technologies Inc., a cybersecurity company that provides an active defense for the enterprise of things. The transactions included in Fund I are buyouts, minority growth equity investments, corporate carve-outs and structured investment opportunities . . .
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