Twitter LinkedIn
    Saturday, April 1
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    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
    LinkedIn Facebook Twitter Email WhatsApp
    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
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    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

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital Fundraising funds PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Carlyle targeting $1.6B for second renewables fund

    November 18, 2022

    Comments are closed.

    Other Articles

    Lone Star Said to Consider Bid for Natwest’s Irish Unit Ulster Bank

    February 9, 2021

    Gravie secures USD28m in financing led by AXA Venture Partners

    March 20, 2021

    Eurazeo invests in PPRO

    January 21, 2021

    CVC serves up $600m global tennis merger as ATP and WTA eye match-up

    June 7, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?