Sumeru Equity Partners Closes on $720 Million Private Equity Fund

Sixpoint Partners served as exclusive global placement agent

Sixpoint Partners, a leading global investment bank serving the middle-market, is pleased to announce the successful closing of Sumeru Equity Fund III, L.P. (the “Fund” or “Fund III”) with $720 million of total capital commitments. The Fund was significantly oversubscribed above its initial target of $600 million and nearly doubled the size of its predecessor vehicle. The Fund received strong support from existing LPs and wide appeal from new investors despite the headwinds of COVID-19, securing commitments from prominent institutional investors in North America and Europe, including endowments, multi-manager funds, consultants, public pensions, corporate pensions and family offices.

Sumeru Equity Partners is managed by a team of senior investment professionals with significant expertise in mid-market technology private equity investments, having spun out of Silver Lake in 2014. Fund III’s investment strategy leverages the team’s operational skillset to optimize revenue growth and enhance profitability in mid-market technology companies. The Fund focuses on companies with enterprise values from approximately $75 million to $350 million and makes investments of typically between $50 million and $100 million per transaction. Sumeru is led by Kyle Ryland, Jason Babcoke, John Brennan, George Kadifa, Paul Mercadante, Sanjeet Mitra, and Randy Randleman.

“We are extremely grateful for the support generated from our limited partners in Fund III. Sumeru looks forward to continuing our legacy as a leader in the middle-market technology investment community by generating attractive and repeatable investment outcomes for our investors through market cycles,” said Kyle Ryland, Managing Partner at Sumeru.

Randy Randleman, Managing Director at Sumeru, added “We are very proud of the success of the Fund III raise in growing our investor base and expanding our reach with the broader limited partner community. We appreciate Sixpoint Partners’ involvement, which began with a pre-launch investor relations program and comprised of both strategic advisory support and fundraising to a diversified and blue-chip list of investor relationships.”

“Sixpoint Partners is proud to support the next chapter of growth for this best-in-class middle market technology platform. We are pleased to have greatly exceeded the fund’s target with a high-pedigree investor base, despite the highly challenging global fundraising environment amidst COVID-19,” said Eric Zoller, Founder & Partner at Sixpoint Partners.

“It has been a pleasure to partner with the Sumeru Equity Partners team during this raise,” added Larry Smith, Partner at Sixpoint Partners. “Investors recognized that the team’s focus and unique operational approach to the middle market technology space made the Fund a compelling opportunity.”

About Sumeru Equity Partners

Sumeru Equity Partners (“SEP”) is a technology-focused growth capital firm that invests in companies across software, technology-enabled services and hardware. The firm employs a growth-oriented partnership model with technology companies and typically invests $25-200 million per transaction. The firm was founded in 2014 by an experienced team from Silver Lake Sumeru, a private equity fund started in 2007 within Silver Lake. SEP has a longstanding history of investing and partnering with founders and management teams to build growth leaders. SEP has backed leading software companies such as Azuga, Ceros, GoGuardian, MDSL, Social Chorus, Blackline, Talend, Kyriba and Buildium. For more information about SEP and its full portfolio, please visit www.sumeruequity.com.

About Sixpoint Partners

Sixpoint Partners is a leading global investment bank focused on delivering strategic advisory and fundraising solutions for the middle-market private equity industry. The firm’s core areas of focus include (i) primary fund placement and strategic advisory, (ii) secondaries advisory and (iii) co-investment placement across a wide range of industries, strategies and geographies. Sixpoint Partners has a reputation for its direct, results-driven style and for delivering innovative solutions to complex problems in order to create long-term value for clients. Sixpoint is headquartered in New York with offices in Chicago, San Francisco and London. Investment banking and other advisory activities are provided by Sixpoint Partners LLC (“Sixpoint”) a registered broker-dealer and a member of FINRA and SIPC. For more information, please visit www.sixpointpartners.com.

Contacts

For Sixpoint Partners, please contact:
Morgan Wait, Marketing Associate
212-751-8690
mwait@sixpointpartners.com