ATLANTA–(BUSINESS WIRE)–Resurgens Know-how Companions, a tech-focused non-public fairness agency, at the moment introduced it has accomplished fundraising for Resurgens Know-how Companions II (“Fund II”) with better than $500 million in complete capital commitments. Fund II was oversubscribed and reached its revised onerous cap at shut.
The newest fund will likely be a continuation of the agency’s established funding technique, which is primarily centered on majority investments in North American and choose European decrease middle-market utility and IT infrastructure software program companies. Resurgens is dedicated to delivering world-class working assist, expertise and human capital experience and M&A execution capabilities to every of its portfolio corporations. The agency invests in founder-owned companies and carve-out transactions, in addition to recapitalizations of investor-owned corporations.
“We’re grateful for the assist from our current and new restricted companions,” mentioned Resurgens Managing Director Fred Sturgis. “This closing represents an thrilling chapter for Resurgens and can allow us to proceed to take a position behind our staff and capabilities, constructing on our sturdy place within the evolving and dynamic decrease middle-market software program sector.”
Since its founding, Resurgens has invested in 11 tech-focused platform corporations and has closed 9 add-on acquisitions. As well as, the agency has closed on three full or partial realization transactions from its debut fund. Resurgens has additionally expanded its staff to greater than 25 professionals throughout its funding and working groups.
“Our staff is happy concerning the alternative to proceed to construct on Resurgens’ observe document,” mentioned Resurgens Managing Director Adi Filipovic. “We’ve constructed a staff with deep useful software program working and advisory expertise to develop revolutionary approaches to worth creation in our portfolio. This newest fund permits us to take our funding technique and ship it to the subsequent degree.”
Sparring Companions served as placement agent and Proskauer offered authorized counsel for Fund II.
About Resurgens Know-how Companions
Resurgens Technology Partners is a tech-focused non-public fairness agency investing in North American and choose European decrease middle-market utility and IT infrastructure software program companies. Resurgens’ rising staff presents a range of investing, working and expertise administration expertise, making use of an energetic and engaged worth creation strategy with every portfolio firm. Resurgens is headquartered in Atlanta, GA, with extra professionals situated in Austin, London and Silicon Valley.