Charlesbank Capital Partners Closes Technology Opportunities Fund II at $1.275 Billion, Clearing Initial Hard Cap – Information Global Online

Successful fundraise, prodigious $1.1 1000000000 direct and initial $1.2 1000000000 hornlike cap, demonstrates certainty in Charlesbank’s modify middle-market profession finance strategy

BOSTON & NEW YORK, June 20, 2024–(BUSINESS WIRE)–Charlesbank Capital Partners (“Charlesbank”), a middle-market clannish assets firm, declared today that it has successfully complete fundraising for Charlesbank Technology Opportunities Fund II (“TOF II” or the “Fund”). The Fund winking at its hornlike container of $1.275 1000000000 of commitments¹ from a different ordered of existing and newborn restricted partners, superior its direct of $1.1 1000000000 and initial hornlike container of $1.2 billion. TOF II is the progeny money to Charlesbank’s speech Technology Opportunities container (“TOF I”), which winking in 2020 with amount restricted relation commitments of roughly $700 million.

TOF I broadened the arrange of profession transactions Charlesbank pursues, gift it the plasticity to pore on small investments in high-growth companies. TOF I is full endowed crossways 12 papers transactions. TOF II module front the team’s strategy of finance in modify middle-market technology-focused companies, hunting to backwards original companies that hit brawny leaders, proven playing models and inevitable playing profiles. TOF II has brawny strength already, having complete quaternary investments and deployed ~20% of amount top commitments.²

Led by Managing Directors Darren Battistoni, Mayur Desai and Hiren Mankodi, the firm’s Technology Opportunities aggroup has more than multiple since the near of TOF I. With 20 sacred assets professionals and heptad cured executives performing as playing advisors³, the aggroup focuses on sextet sub-sectors: covering software, darken computing, cybersecurity, aid IT, playing technology, and stock software.

“In the time some years, we’ve been healthy to fulfil on our distinguished assets strategy cod to the hyper-specialization of our assets team, as substantially as the unfathomable partnerships we modify with our portfolio companies to intend value,” said Darren Battistoni, Managing Director at Charlesbank. “Our disciplined, collaborative move leaves us well-positioned for long-term success as we intend to attain a meaning effect on the businesses and direction teams we relation with.”

“The accelerating measure of person conception is continuing to form every industries, and with valuations resetting to more commonsensible levels, the possibleness ordered for finance in profession and code businesses has never been greater,” said Hiren Mankodi, Managing Director at Charlesbank. “With our entry fund, we leveraged the Charlesbank papers and our team’s unfathomable facet skillfulness to substance investors admittance to high-growth profession companies with proven playing models, and the success of the TOF II raise demonstrates that this move has resonated.”

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TOF II benefited from ontogeny investor want for danger to high-growth profession investments in businesses with ingrained products and product-market fit. TOF II’s investor humble includes open and joint pensions, endowments, foundations, playing institutions, money of funds, quality managers and kinsfolk offices, as substantially as high-net-worth individuals.

Over Charlesbank’s 25-year story of finance crossways different sectors, the concern has matured knowledge, connections and company-building resources that support profession companies crossways the ontogeny spectrum to intend continuance and form their industries.

TOF II, which held its test near on June 18, 2024, has prefabricated quaternary investments to date: Maltego, a unification psychotherapy code bourgeois utilised by institutions much as the FBI and INTERPOL; Searchlight Cyber, a Stygian scheme info and monitoring platform; Kleer-Membersy, a technology-driven dental body papers solution; and Quorum Cyber, a managed section spotting and salutation provider.

This advise promulgation is not an substance or collection of an offer, or an invitation or inducement, to equip in some Charlesbank Capital Partners fund. No mortal haw equip in some Charlesbank money eliminate in gift with and person to the cost of the practical money substantiation and practical law.

^{1 Excludes General Partner and Executive Fund commitments
2 Excludes amounts existence syndicated post-closing of a past transaction
3 Includes fivesome Advisory Directors and digit Executive Advisors (all consultants, not employees of the firm)}

About Charlesbank Capital Partners

Based in Beantown and New York, Charlesbank Capital Partners is a middle-market clannish assets concern with more than $18 1000000000 of top upraised since inception. Charlesbank focuses on management-led buyouts, ontogeny top financings, expedient credit, and profession investments. The concern seeks to equip in companies with sustainable combative plus and superior prospects for growth. For more information, gratify meet www.charlesbank.com

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Contacts

Contacts for Charlesbank Capital Partners:
Ryan FitzGibbon / Alexa Ottenstein / saint Gavaris
Prosek Partners
pro-charlesbank@prosek.com