TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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May 19, 2020
Source: BusinessWire
Cohere Capital Partners (“Cohere”), a Boston-based private equity firm focused exclusively on middle market growth companies, today announced the successful closing of its debut fund, Cohere Capital Fund I, LP (the “Fund”) at $200 million. The Fund closed over its target and at its hard cap without the use of a placement agent.
Cohere secured commitments from a diversified, institutional investor base including leading foundations, insurance companies, and family offices as well as executives of companies where Cohere professionals were previously involved.
The Fund focuses on founder-led tech-enabled businesses that have reached an inflection point and require financial resources and operational expertise to help them achieve their full potential.
Cohere was founded in 2019 and is led by Nik Shah, who has 20 years of experience building growth-oriented, middle market businesses and was formerly a Managing Director at H.I.G. Capital / H.I.G. Growth Partners. “We are grateful for the strong investor support we received in closing our debut fund above our target in an uncertain market environment. We launched Cohere to invest in market leading tech-enabled businesses and be a true partner to their founders and management teams. The firm is off to a strong start, and we look forward to continuing that momentum,” said Mr. Shah, Co-Founder and managing partner.
“Cohere was founded on the philosophy that ensuring alignment among our stakeholders will enable us to achieve our common goal of building great and sustainable businesses. We are pleased to have the opportunity to bring our team’s expertise and capital to support the founders, management teams, and companies in which we invest,” said Daniel Gedney, Co-Founder and Principal.
Proskauer Rose LLP served as legal counsel to Cohere.
About Cohere Capital Partners
Cohere Capital is a Boston-based private equity firm focused exclusively on middle market growth companies. Cohere Capital has a flexible mandate across growth markets, but primarily targets recapitalizations and growth investments in rapidly growing tech-enabled services companies. The firm’s approach stems from its name “Cohere”, which means to be united and consistent. For more information, visit: www.coherecapital.com.
Contacts
Media:
Nathaniel Garnick
Gasthalter & Co.
(212) 257-4170
Cohere Business Development:
Mike Alberts
malberts@coherecapital.com
(617) 203-7766