GrowthCurve Capital raise $1.1bn for maiden fund

GrowthCurve Capital has reportedly raised $1.1bn for its inaugural buyout fund, which could still raise more funds.

The fund, GrowthCurve Capital Partners I was launched in 2021 with a target of over $1bn, according to a report from Buyouts. It is unclear whether the firm will close the vehicle or raise more capital.

The listed placement agents are Stifel, CapLink Securities and Resonance Capital.

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New York State Common Retirement Fund deployed $300m into GrowthCurve Capital’s debut fund.

GrowthCurve Capital claims to be a private equity firm with a distinctive approach to building growth. It does this through AI, digital transformation and human capital.

It has a control-focused investment strategy and centres on data-rich and growth-focused businesses. As for sectors, it is interested in financial and information services, healthcare, and technology.

The firm already has three investments in its portfolio. These companies are Revecore, a provider of revenue integrity and claims solutions, Brightway Insurance, a personal lines insurer and Mistplay, which offers play-to-earn mobile games.

Source: AltAssets

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