About This Fund
Georgian Alignment Fund II is a special-purpose growth equity continuation vehicle managed by Georgian, a Toronto-based alternative asset manager with US$5.9 billion in assets under management across its fund family. Launched in late 2021 with a US$1 billion fundraising target, the fund operates as a concentrated follow-on strategy that re-invests alongside Georgian's own existing portfolio companies rather than seeking new commitments in the open market. This structure reflects Georgian's conviction that the highest-value capital deployment occurs when both the investor and the portfolio company already share a deep working relationship, eliminating the typical friction and alignment uncertainty associated with first-time manager-company introductions and new fundraising processes.
The fund's investment strategy targets between six and eight software companies — selected exclusively from the roster of Georgian's earlier flagship growth funds — that have demonstrated established market demand, strong growth trajectories, and a credible path to profitability. Sectors of focus include enterprise software, artificial intelligence, cybersecurity, industrial automation, and social engagement platforms, all consistent with Georgian's long-standing thesis around information-intensive technology businesses. Known portfolio investments include Devo (cybersecurity analytics), True Fit (AI-driven retail personalization for fashion), and Tractable (AI applied to insurance and automotive damage assessment). PitchBook records a total of 16 investments associated with the fund.
Georgian Alignment Fund I, the fund's predecessor vehicle, closed at US$1.02 billion in March 2021, backing Top Hat, Tealium, WorkFusion, and IEX Group among others. Fund II launched shortly afterward and by October 2022 had secured approximately US$466 million — roughly 47% of its target — according to SEC Form D filings. In January 2023, BMO Global Asset Management launched a dedicated feeder vehicle, the BMO Georgian Alignment II Access Fund LP, providing Canadian accredited investors access to the strategy at a minimum commitment of US$50,000. No formal final close announcement was found in public sources as of the research date, consistent with Georgian's practice of quiet closes across its fund family.