FTV Capital Secures Record $4.05 Billion for Growth Equity

FTV Capital's Groundbreaking Fundraise

Today, FTV Capital, a leading growth equity investment firm, proudly announced the accomplishment of raising an impressive $4.05 billion in capital commitments. This fundraising effort includes two specialized funds: FTV VIII, the firm's flagship fund, and a new robust option tailored for smaller investments called FTV Ascend I. With this successful capital raise, FTV Capital is poised to continue its mission of supporting innovative, high-growth companies capable of transforming industries.

Investment Strategy and Focus Areas

FTV Capital is known for its discerning investment strategy, which focuses on investing in entities within the enterprise and financial technology sectors. The funds will target equity checks ranging from $20 million to $300 million, ensuring a concentrated portfolio aligned with FTV's expertise. FTV VIII closed at an outstanding $3.4 billion, exceeding its intended goal and surpassing its predecessor, FTV VII, which closed at $2.35 billion in early 2022. Meanwhile, FTV Ascend I successfully closed at $651 million, also surpassing its fundraising target. This strategic approach enables the firm to play an integral role in nurturing companies aiming for rapid growth and expansion.

Recognizing Support and Building Partnerships

In celebrating this milestone, Brad Bernstein, managing partner at FTV Capital, expressed deep gratitude towards colleagues, limited partners, and the Global Partner Network. His acknowledgment reflects FTV's long-standing commitment to collaborating with visionary entrepreneurs who aspire to redefine global industries. Bernstein highlighted their unique model of partnership, illustrating FTV's dedication to fostering long-term relationships built on trust and shared goals.

Tangible Results from Recent Investments

The recent fundraising success follows a year of remarkable performance for FTV Capital. Throughout the last year, the firm made significant strides by deploying $1.6 billion and achieving over $1 billion in realizations. New projects fueled by their robust investment strategy include companies such as Arden, BillingPlatform, Kore.ai, and Zema Global. The firm has also recognized substantial returns from its portfolio, particularly with companies like Agiloft and Tango Card, reflecting the efficacy of their business model.

Strong Start for Golden Opportunities

FTV VIII and Ascend I have already made waves in the investment landscape with early announcements of their first investments, including noteworthy companies like Orbus Software and Windward. This strong start indicates FTV's potential to make a significant impact in targeted industries as both funds endeavor to translate substantial financial resources into tangible growth and opportunity for their portfolio companies.

Leadership Strengthening for Future Success

Alongside this achievement, FTV Capital announced notable leadership promotions to further enhance its expertise. Karen Derr Gilbert, who has been with the firm since 1999, will now lead as partner and chief operating officer, a pivotal role destined to support long-term growth strategies. Additionally, Mike Cichowski was appointed co-head of FTV Ascend, while Alex Malvone also stepped into the role of co-head, showcasing the firm’s commitment to nurturing seasoned leadership.

Expanding the Team with Proven Leadership

In a boosting move towards operational excellence, Brent Fierro was also promoted to partner, while Paul Cabral, recently joining as chief financial officer, stepped into a partnership role due to his impactful contributions. Each advancement reinforces FTV Capital's strategic direction and dedication to developing a robust investment framework.

FTV Capital’s Unique Investment Approach

FTV Capital continues to distinguish itself by leveraging its comprehensive Global Partner Network and FTV Propel initiative, which offers valuable operational resources to bolster portfolio company performance. By fostering access to a diverse group of over 500 experienced executives across the financial services spectrum, FTV Capital enhances its ability to guide companies toward achieving strategic growth.

Frequently Asked Questions

What is the amount raised by FTV Capital in this recent fundraise?

FTV Capital successfully raised $4.05 billion in its recent growth equity fundraise.

Which funds were created as part of FTV Capital's fundraising?

FTV Capital introduced two funds: FTV VIII, its eighth flagship fund, and FTV Ascend I, tailored for smaller investments.

What industries does FTV Capital focus on for its investments?

FTV Capital primarily invests in the enterprise technology and financial technology sectors.

How has FTV Capital performed financially?

Over its history, FTV has raised over $10 billion and has achieved significant returns, deploying $1.6 billion in 2024.

What roles did leadership promotions play in FTV's recent announcement?

FTV Capital announced several key leadership promotions to strengthen its operational strategy and enhance its investment model.

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