Lead Edge Capital (LEC), a technology-focused growth stage investment fund, has closed Fund VI, which was oversubscribed, with over USD1.95 billion of commitments from Lead Edge’s network of over 500 limited partners and institutions.
LEC will target making equity investments of between USD15 million and USD200 million per portfolio company from Fund VI and continue its focus on investing primarily in private companies, with a flexible mandate that also enables public company investments. The addition of Fund VI brings the firm’s total capital raised since inception to USD5 billion.
LEC’s Limited Partners come from companies including Charles Schwab, Capital One, Disney, NetSuite, Colgate-Palmolive, eBay, Microsoft, Xerox, Unilever, Google, Cisco, Saks, Autodesk, Intuit, ESPN and many more.
Read more: Private Equity Wire
