Big Data

New Mountain Partners VII is a buyout fund managed by New Mountain Capital and located in New York. The fund will acquire controlling stakes in companies valued between $100 million and $1 billion, typically investing between $100 million and $500 million per transaction​. New Mountain Capital targets sectors characterized by sustainable and noncyclical growth, which they refer to as "defensive growth industries." These include life sciences, advanced materials, healthcare technologies, infrastructure services, and digital transformation services, among others. As of APril 2024, the fund has raised US$12.4 billion, above its target of US$12 billion. The fund expects to do around 20 investments.

PSG Europe II is the firm’s second private equity Europe-focused fund. It has more than €2.6 billion in commitments, exceeding PSG’s initial target. PSGE II is one of the largest growth equity funds raised to invest exclusively in European software companies. The successful fundraise reflects the strong support received from both new and existing investors globally including state pension funds, sovereign wealth funds, family offices and high net worth individuals. PSGE II significantly exceeds the size of its predecessor, PSG Europe I, which held its final close in January 2021 with more than €1.3 billion in commitments. PSG sees the European software sector as highly fragmented with many high-quality point solution providers, often focused on either a single strategy or a single country. This market dynamic presents significant investment and growth opportunities for firms like PSG, which possess local expertise and relationships across Europe to support deal sourcing, extensive operational support capabilities and a longstanding global track record of growing B2B software businesses both organically and inorganically. PSG’s investment strategy focuses on scaling single-country, single-product software companies through organic and inorganic growth into multi-country, multi-product pan-European champions across multiple markets, supporting its portfolio companies’ global growth ambitions. Given its origins, resources and track record in the U.S., PSG can be a strong supportive partner to enable market expansion in North America.

PSG VI is growth fund managed by PSG Equity. PSG is a leading growth equity firm focused on emerging growth, founder bootstrapped, B2B software companies. PSG will target software and tech-enabled businesses across the B2B-software, cybersecurity, big data, and artificial intelligence sectors. Investments will primarily be in North America. The fund makes growth equity investments typically range in size from $10-$150M. As of 2023, according to information from PSG, the firms made 3.5x Gross MoM/ 2.8x Net MoM & 56% Gross IRR / 44% Net IRR on all realized/partially realized investments across platform since its inception.

Located in Amstelveen (Netherlands), Revo Capital Fund III is a venture capital fund managed by Revo Capital. Sectors of interest of the fund are: fintech, gaming, information technology, health tech, clean tech, insure tech, DevOps, marketplaces, martech, big data, cybersecurity, and artificial intelligence and machine learning sectors. The fund invests in global companies or in companies that have global businesses. Companies must be based in Eastern Europe, Turkey or the Baltics. The fund will aim for a first close of between $50 and $60 million in March, and targets $100 million, with a cap at $150 million. Revo plans to invest in over 25 seed to Series B startups, typically starting with up to $5 million per company and allocating up to $10 million with follow-ons. The firm also carved out a "Seed Pocket" for smaller initial checks of $250,000–500,000 in promising pre-seed and seed-stage startups.

The Wellington Climate Innovation Fund seeks to invest in private companies developing solutions to help mitigate and adapt to climate change. The Fund targets late-venture and early-growth companies that are developing tech-enabled solutions such as software, software-enabled hardware, sensors, AI, data and analytics. These solutions are focused on areas including energy transition, sustainable buildings and cities, transportation and mobility, industrial automation, enterprise digitization, sustainable consumer, and food and agriculture innovation. The fund is located in Boston, Massachusetts. The Fund’s client base is broadly diversified and includes sovereign wealth funds, pensions, insurance companies, banks, family offices, and high-net-worth individuals. The Fund seeks to generate attractive returns for its investors while addressing the existential threat of climate change. The fund closed with US$385 million in commitments. The Fund is managed by Greg Wasserman and the CIF investment team, who have extensive experience investing in climate solutions. The team leverages Wellington’s broader investment, research, and sustainability capabilities in public and private markets, along with a research collaboration with leading climate change research institute, Woodwell Climate Research Center.