Sageview Capital LP, a private investment firm focused on providing growth capital and operational support to tech-enabled businesses, has closed Sageview Capital Partners III. The fund exceeded its target of $600 million and was oversubscribed, closing at $710 million.
Fund III will continue Sageview Capital’s strategy of providing growth capital to software and tech-enabled businesses.
“We are grateful for the support received from both our existing and new investors and look forward to executing our proven investment strategy,” said Scott Stuart, co-founder and managing partner at Sageview Capital. “The Fund has already made six compelling investments. We are currently evaluating many more, each with the potential to realize strong returns for our investors and all stakeholders.”
“We’re proud of the team we’ve built and the success we’ve had to date,” said Ned Gilhuly, co-founder and managing partner at Sageview Capital. “With this new pool of capital, we’re excited to build on our record of investing in exceptional software and tech-enabled businesses. We will continue to leverage the firm’s expertise to support our entrepreneurial partners and scale companies that are well-positioned to become the industry leaders of tomorrow.”