Software

Los Angeles-based Diversis Capital Management closed its second fund at $675 million after only three months of fundraising. Diversis Capital Partners II exceeded the inaugural fund’s asset commitments of $255 million in 2019. The software and technology-enabled service organizations-focused strategy ...

Five Elms Capital raised $780 million for its fourth growth equity fund focused on investing in B2B software from its offices in Kansas City. Five Elms V plans on targeting growth equity investments between $5 million and $75 million. The ...

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 ...

Growth equity firm JMI Equity closed its tenth fund at $1.7 billion, receiving strong support from state pension funds, sovereign wealth funds, family offices, endowments and foundations. In reaching its hard cap, JMI Equity Fund X brought the firm’s total ...

Canadian private equity firm Novacap has bought Logibec, a Montreal-based company focused on healthcare software. Logibec was formerly a portfolio company of San Francisco-based GI Partners, which bought the company in 2015 from Ontario Municipal Employees Retirement System’s private equity ...

Technology-focused private equity Accel-KKR announced the successful closing of Accel-KKR Emerging Buyout Partners LP with $640 million in committed capital. The fund was oversubscribed and officials said the strategy is a continuation Accel-KKR’s long-standing strategy of investing in software and ...

Dynamo Software purchased Imagineer Technology Group in a deal that combines two vendors to the alternative investment industry. It means that Dynamo will now serve more than 1,000 users for its CRM, deal management, portfolio monitoring and investor reporting capabilities. ...

The $45 billion private equity investment firm Thoma Bravo has completed its acquisition of Foundation Software, a provider of construction accounting software and payroll services to specialty contractors. The transaction amount was not disclosed, but Foundation Software is expected to ...

Insight Partners announced the closing of its Equity Technology Fund XI at $9.5 billion - a boon to one of the largest growth equity funds for both venture capital and private equity investment in scale-up software companies. Officials at the ...

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 ...