FTV Capital has successfully completed its latest growth equity fundraise, securing $4.05 billion in capital commitments across two complementary funds:
1. FTV VIII: The firm's eighth flagship fund closed oversubscribed at $3.4 billion, surpassing its target and exceeding its predecessor fund FTV VII, which closed at $2.35 billion in March 2022.
2. FTV Ascend I: A new vehicle dedicated to smaller investments, which closed oversubscribed at $651 million.
- The new capital allows FTV to support innovative, high-growth companies with equity checks ranging from $20 million to $300 million.
- FTV VIII will target investments ranging from $60 million to $300 million.
- FTV Ascend I will focus on investments between $20 million and $60 million.
- Both funds will make control and minority equity investments in companies across the enterprise and financial technology landscape.
FTV Capital's track record:
- With this fundraise, FTV has raised over $10.2 billion since its founding in 1998.
- The firm has invested over $6.7 billion in 149 portfolio companies.
- FTV has realized over $7.4 billion from its investments.
- In 2024, FTV deployed a record $1.6 billion and generated over $1.0 billion in realizations.
- New investments include Arden, BillingPlatform, Kore.ai, Orbus Software, ParkHub, VALD, and Zema Global.
- Significant realizations include Agiloft, Docupace, Egress, and Tango Card.
FTV announced several promotions, including:
- Karen Derr Gilbert: Expanded role as partner and chief operating officer
- Mike Cichowski and Alex Malvone: Named co-heads of FTV Ascend
- Brent Fierro and Paul Cabral: Promoted to partners
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Disclaimer: The information presented in this article is based on available sources and may not be entirely accurate or up-to-date. We do not guarantee the accuracy of the content, and readers should conduct their own research and consult with financial professionals before making any decisions.