Lower midmarket growth firm Aldrich Capital Partners has secured $450m for its second investment vehicle, hitting its hard cap amid strong demand from institutional investors.
The vehicle, Aldrich Capital Partners Fund II, exceeded both the firm’s $350m target and the $256m that Aldrich raised for its first fund, which closed in June 2018. Monument Group Inc. served as placement agent for the new fund, Aldrich said Wednesday.
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- To what extend can the relationship between the GP and board impact the company?
- How can GPs ensure trickle down change in organisations?
- How can technology help bridge the gap between GPs and management boards?
Aldrich Capital Partners was formed by experienced investors who are successful entrepreneurs. The firm was started with the philosophy of being the entrepreneurs behind the entrepreneur by helping private companies attain their growth objectives.
Since 1999 the Aldrich team has been responsible for over $1 billion in technology investments. Aldrich’s principals are investors and operators, who bring their experience to bear from the strategic level down to the operational and business planning level. Aldrich’s leadership and advisors bring many decades of experience executing transactions in sectors such as business services, software & cloud solutions, FinTech and healthcare IT.
Source: Wall Street Journal
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