Blackstone GP Stakes, which specializes in investments in the management companies of private equity firms, have made a minority investment in FTV Capital, a sector-focused growth equity investment firm.

FTV Capital invests in companies across the enterprise technology, financial services and payments sectors. FTV seeks to make control and minority equity investments, often as the first institutional investor, ranging from $30 million to $200 million to drive growth and expansion.

“We are excited about the significant strategic resources and know-how that FTV will leverage to continue to serve our limited partners and entrepreneurs,” says Brad Bernstein, managing partner at FTV. “The Blackstone investment will enable us to invest in our firm and successfully continue our growth journey, as well as increase commitments to our funds, strengthening alignment with limited partners.”

Evercore served as financial advisor to FTV. Kirkland & Ellis served as legal advisor to FTV and Fried Frank served as legal advisor to Blackstone.