Lower mid-market focused Resurgens Technology Partners is targeting as much as $350m for its second fund, according to people familiar with the new fundraising effort.
The technology-focused firm raised about $212 million for its first fund after its 2017 founding.
If the Atlanta firm reaches its target, the fund would be 65% larger than its debut Resurgens Technology Partners LP fund. Resurgens said in January 2019 that its first fund wrapped up with $212m in total commitments.
Resurgens Technology Partners is an Atlanta-based private equity firm focused on investing in North American-based, lower middle-market software and tech-enabled services businesses.
Source: Wall Street Journal
Can’t stop reading? Read more
Fund Friday: Top fundraising news in private equity
Fund Friday: Top fundraising news in private equity KKR has closed its North America Fund XIV at...
OVS secures $330m financing as TIP-backed retailer strengthens balance sheet
OVS secures $330m financing as TIP-backed retailer strengthens balance sheet OVS has secured a...
Ares and Antares arrange $1bn private credit deal for Pritzker-backed PLZ
Ares and Antares arrange $1bn private credit deal for Pritzker-backed PLZ Ares and Antares have...