Tech-enabled Services

Escalate Capital V is a growth capital fund by Escalate Capital Partners. The fund is located in Austin, Texas and prefers investing in United Sates. The fund targets technology, software, services, and healthcare sectors. The fund invests in rapidly growing later-stage companies with minimum revenues of $20 million and minimum EBITDA of $3 million. Sectors of interest include technology, software, services, and healthcare across the United States. As of May 2025, the fund has already closed on two investments representing $35 million of Fund V’s committed capital. Since its founding in 2005, Escalate has invested over $1.3 billion of capital in 140 growth equity-backed companies.

Magnesium Capital I focuses on profitable European companies with proven technologies or tech-enabled services that are positively impacting the decarbonisation of the production, distribution, and consumption of energy. The team has been backing the buyouts of such businesses for a number of years on a direct deal basis. Since inception, Magnesium has completed seven platform investments, signed six follow-on acquisitions, and exited two investments for 4.2x gross MOIC. The fund targets high-growth, profitable businesses in Europe and the UK that support the energy transition. It likes to partner with entrepreneurial management teams and support them on their next stage of growth. Magnesium looks for companies with competitive advantages in their core technology or tech-led service that have a positive impact on the way energy is produced, distributed, or consumed. The fund takes controlling stakes in each of its investments but considers significant minority positions in certain circumstances. The fund closed its inaugural Fund, Magnesium Capital I, at its hard cap of €135m, exceeding the €100m Fund target. The final close occurred less than a year after the Fund’s first close with Magnesium attracting blue-clip institutional investors from the US, Europe, and the UK. The combined impact of these portfolio companies already directly contributes to the avoidance of over 30 million tonnes of CO2 equivalent per annum, demonstrating their focus on impactful investments with positive environmental outcomes. The fund prefers investments ranging from €15 million to €50 million in companies with enterprise values of €25 million to €100 million.

The ELIDO II fund by Warren Equity Partners will invest in lower middle market companies that provide products and services used to maintain, operate, and upgrade infrastructure assets. This fund will focus on middle market companies that are active in the operations and maintenance of critical infrastructure. Warren Equity has a track record of identifying and working with high-quality companies and management teams in their core sectors. The fund will target companies capitalizing on growth opportunities in one of the fastest growing segments in the private markets. ELIDO II is a complementary strategy to Warren Equity’s flagship fund series and is backed by a group of new and returning limited partners. Warren Equity’s assets under management now total approximately $4.6 billion, with ELIDO II closing above target and hard cap with more than $550 million in capital commitments. The fund is backed by endowments, pension funds, fund of funds, and family offices, and aims to invest in and build great companies, leveraging all of Warren Equity’s resources. Aqueduct Capital Group served as the placement agent for ELIDO II, and Kirkland & Ellis provided legal services for the fund.