Vector Capital has raised its fifth private equity fund, Vector Capital V L.P., with approximately $1.4 billion in capital commitments. The new fund targets technology companies across the software, internet and digital media, communications, and industrial technology sectors.
The firm’s fifth fund exceeded its predecessor, Vector Capital IV L.P., by nearly $200,000,000 in capital. Founded in 1997, Vector Capital is a San Francisco-basedprivate equity firm focused on the tech-enabled businesses. The PE firm has a consistent track record of acquisitions within the sector. Since the firm's inception, Vector Capital has made more than $3 billion in investments.