True Wind Capital, a San Francisco-based private equity firm focused on investing in technology companies, has hired Scott Wagner to the firm as head of strategic capital. In this new role, Wagner will be responsible for leading True Wind’s SPAC franchise and overseeing its operations.
Previously, Wagner held various senior leadership roles at GoDaddy, most recently as chief executive officer. Before that, Wagner was a partner at KKR, a global investment manager, where he was a founding member of the capstone value creation team and led several initiatives across the firm’s portfolio.
“Having known and worked alongside Scott for more than 20 years, we know first-hand his deep operating experience and value he brings to companies in sectors that are core to our investment approach,” said Adam Clammer and Jamie Greene, founding partners of True Wind. “Looking ahead, we believe that SPACs will continue to play a meaningful role in the financial ecosystem and provide exceptional companies and investors with significant opportunities for growth. Scott’s proven leadership, technology operating expertise and successful experience in the public markets enhances True Wind’s ability to continue our execution in this important market segment.”
“True Wind has built a strong investment platform across the technology sector with a proven track record of delivering value for its investors and portfolio companies alike,” said Wagner. “The True Wind team can help position companies for longer-term success in the public markets, and I am eager to work with both Adam and Jamie to create great opportunities for great companies.”
True Wind Capital’s recent SPACs include Nebula Caravel Acquisition Corp. and TWC Tech Holdings II Corp., which agreed to mergers with A Place for Rover Inc., a network of pet sitters and dog walkers, and Cellebrite DI Ltd., a digital intelligence service provider. True Wind’s first SPAC, Nebula Acquisition Corp., completed a business combination with Open Lending in June 2020.