True Wind Capital, a San Francisco-based private equity firm focused on investing in technology companies, has closed its its second fund, True Wind Capital II, with $817 million in equity commitments, exceeding the Fund’s target.
True Wind was launched in 2015 by Adam Clammer and James H Greene, Jr, who previously founded and led KKR’s Global Technology Group. Fund II will continue True Wind’s strategy of partnering with strong management teams and investing in leading technology companies across niche sectors within large and growing markets, including software, data analytics, tech-enabled services, internet, financial technology, and hardware.
True Wind received significant support from existing Limited Partners from Fund I and added many new, notable LPs. The Company’s Fund II LP base consists of leading pension funds, asset managers, foundations, endowments, family offices, and technology industry leaders across North America, Europe, and Asia.
Clammer says: “We are grateful for the continued confidence and strong support we received for Fund II from a diverse group of new and existing high caliber investors. True Wind continues to distinguish itself as a leading technology-focused investor by bringing large cap experience to the lower middle market and positioning our portfolio companies for enduring success.”
Read more/Source: Private Equity Wire
