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.

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Source: Private Equity Wire