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    Home»Fundraising»Crosspoint Capital Partners raises USD1.3bn for debut private equity fund focused on cybersecurity, privacy and infrastructure software
    Fundraising

    Crosspoint Capital Partners raises USD1.3bn for debut private equity fund focused on cybersecurity, privacy and infrastructure software

    April 15, 20212 Mins Read
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    Greg Clark, chief executive officer of Symantec Corp., speaks during a Bloomberg Technology television interview in San Francisco, California, U.S., on Wednesday, Aug. 30, 2017. Clark discussed the company's research on ransomware attacks and identity theft. Photographer: David Paul Morris/Bloomberg
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    Crosspoint Capital Partners (Crosspoint) has closed Crosspoint Capital Fund I (Fund I), a private equity investment fund focused on the cybersecurity, privacy and infrastructure software sectors.

    Fund I closed at USD1.3 billion, exceeding its target of USD1 billion and making it one of the largest first-time, technology-focused private equity funds ever raised. Managing Partners of the firm include Greg Clark, Ian Loring, Steve Luczo, Matt MacKenzie and Hugh Thompson.

    “Private equity is an exceedingly competitive industry and simply having capital is no longer a source of differentiation. We are pursuing a new and differentiated model for private equity investing that combines deep sector knowledge, operational capabilities and investment expertise to build better businesses,” says Greg Clark, Managing Partner of Crosspoint. “Our unique skillsets give us deep insights into what we are buying, help us identify opportunities to create value and partner with management teams to accelerate the innovation, growth and profitability of our investments.”

    “We are thrilled with the support we received from the LP community, especially against the backdrop of the global Covid-19 pandemic, which has depressed fundraising for many first-time private equity funds,” says Ian Loring, Managing Partner of Crosspoint. “Our Fund I limited partners include some of the most respected investors in the private equity industry, which speaks both to their conviction in our mission-driven focus to help build great businesses and to the incredible team we have assembled.”

    Read more/Source: Private Equity Wire

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