FTVentures Raises $512 Million Growth Capital Fund

We are pleased to announce the final close of FTV III, our largest fund to date, at $512 million. We are delighted that our core strategic limited partners continue to support our efforts by once again investing in our third fund, and we look forward to the ongoing deployment of our differentiated investment strategy featuring our Global Partner Network.

We welcome our new limited partners from the financial services industry: Liberty Mutual, Skandia Insurance, Nordea, PartnerRe, Capital One, Fannie Mae, Barclays Global Investors, Zions Bancorporation, Lehman Brothers, Goldman Sachs Asset Management, SVB Financial Group, and Comerica, as well as our new traditional limited partners: New York City Retirement Systems, RHM Group, New York State Common Retirement Fund, Kamehameha Schools, Fort Washington Partners, JF Shea, Lexington Partners, Pennsylvania TAP, and Kenyon College.

Consistent with the investment strategy of our previous funds, FTV III will typically invest $10 million to $60 million in software and services companies seeking to finance organic expansion, recapitalizations, build-ups, and buyouts. Our portfolio companies target the financial services industry as a key customer vertical and leverage our extensive Global Partner Network in developing commercial relationships.

Click here to read a copy of our press release which was issued today.

The Partners at FTVentures
Brad Bernstein, Eric Byunn, Ben Cukier, Richard Garman, Jim Hale, David Haynes, Bob Huret, Derek Lemke-von Ammon and Chris Winship