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Sumeru Equity Partners Completes $720MM Private Equity Fund

November 23, 2020, 08:00 AM
Filed Under: Private Equity
Related: Private Equity

Sumeru Equity Partners, a San Mateo, California-based private equity firm, closed Sumeru Equity Fund III, L.P., at $720 million.

The fund received support from existing and new LPs, securing commitments from prominent institutional investors in North America and Europe, including endowments, multi-manager funds, consultants, public pensions, corporate pensions and family offices.

Fund III’s investment strategy focuses on companies with enterprise values from approximately $75 million to $350 million and makes investments of typically between $50 million and $100 million per transaction.

Founded in 2014 and led by Kyle Ryland, Jason Babcoke, John Brennan, George Kadifa, Paul Mercadante, Sanjeet Mitra, and Randy Randleman, Sumeru Equity Partners is a technology-focused growth capital firm that invests in companies across software, technology-enabled services and hardware. The firm employs a growth-oriented partnership model with technology companies and typically invests $25-200 million per transaction.

The firm has backed leading software companies such as Azuga, Ceros, GoGuardian, MDSL, Social Chorus, Blackline, Talend, Kyriba and Buildium.

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