AUSTIN, Texas–Greenridge Growth Partners, a private equity firm focused on high-growth, bootstrapped software companies, has officially announced the successful closing of its second fund, Greenridge Growth Partners II, L.P. (“Fund II”), securing an impressive $255 million in capital commitments. This significant milestone, completed within a year of launching Fund II, underscores strong investor confidence in Greenridge’s focused investment strategy and operational expertise within the software sector. Fund II was notably oversubscribed, attracting a diverse range of investors, including endowments, foundations, asset managers, family offices, fund-of-funds, and prominent founders and industry executives, demonstrating broad appeal and trust in the Greenridge approach.
“This Fund II closing represents a pivotal advancement for Greenridge as we capitalize on the strong foundation built with our inaugural institutional fund,” stated Ben Moss, Managing Partner at Greenridge Growth Partners. “We deeply appreciate the ongoing commitment from our existing investors and are thrilled to welcome a distinguished group of new partners to the Greenridge investor community.”
Greenridge Growth Partners specializes in making control investments in founder-led, B2B software businesses demonstrating robust annual recurring revenue (ARR) between $5 million and $15 million. Building upon a proven track record of success with eight previous software platform companies, Greenridge aims to replicate this success with Fund II. The firm’s strategy centers on investing in strategically focused, vertical-specific software businesses, collaborating closely with exceptional entrepreneurs to unlock and accelerate growth potential. Greenridge Growth Partners distinguishes itself as a preferred partner for founders seeking both partial liquidity and strategic support to navigate and capitalize on their next phase of expansion.
Jack Cardwell, Managing Partner, further elaborated on the firm’s commitment, “Greenridge was founded on a passion for partnering with founders and their dedicated teams to collaboratively build exceptional businesses.” He added, “Our core strategy remains consistent with Fund II, reflecting the successful approach we’ve cultivated over the past decade. We consider it a true privilege to collaborate with founders and entrepreneurs, and we are enthusiastic about continuing this rewarding work with our new fund.”
Piper Sandler & Co.’s private capital advisory group, Aviditi Advisors, served as the exclusive placement agent for Fund II, while DLA Piper LLP (US) provided legal counsel throughout the fundraising process.
About Greenridge Growth Partners:
Greenridge Growth Partners is a private equity firm headquartered in Austin, Texas, specializing exclusively in the software industry. The firm is dedicated to partnering with exceptional software entrepreneurs who have organically grown their businesses and are seeking an experienced partner to facilitate the creation of market-leading companies. Greenridge Growth Partners’ team comprises fourteen professionals across sourcing, investment, and operations, all based in Austin, reinforcing its commitment to a hands-on, collaborative approach.
For deeper insights into Greenridge Growth Partners, please visit www.greenridgegrowth.com and connect with the firm on LinkedIn.
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