About This Fund
About Nexa Equity Fund II Nexa Equity Fund II (this record's legal variant: "Nexa Equity Fund II LP") is a lower middle market vertical SaaS buyout fund managed by Nexa Equity LLC, a San Francisco-based private equity firm founded in 2021 by Managing Partner Vlad Besprozvany, formerly a Vice President at Insight Partners and an investor at Thoma Bravo. The fund closed in May 2025 at $390 million, significantly oversubscribed from its $275 million target and reaching its $392 million hard cap, bringing Nexa Equity's total assets under management to over $1.2 billion. The fund attracted a diverse institutional investor base including pension funds, university endowments, insurance companies, fund-of-funds, family offices, and foundations, reflecting strong LP conviction in the firm's vertical SaaS thesis and operational execution capabilities.
Nexa Equity Fund II targets control investments in founder-led, capital-efficient vertical SaaS companies with annual recurring revenues of $3 million to $30 million. The firm deploys equity checks of $15 million to $100 million or more, building a concentrated portfolio of 7 to 9 high-conviction investments per vehicle. The investment thesis centers on mission-critical, purpose-built software serving niche and underserved industries where legacy manual processes remain prevalent, including field services, construction and commissioning, transportation management, healthcare IT, and skilled trades. Nexa differentiates through hands-on operational support—accelerating go-to-market strategy, upgrading talent, enabling international expansion, and executing strategic M&A—delivered by a team that includes operating partners who have scaled SaaS businesses themselves. The fund structure includes co-investment vehicles (Fund II-A and Fund II-B), with SEC Form D filings submitted for all three entities. Kirkland & Ellis LLP served as legal counsel and M2O Private Fund Advisors acted as placement agent.
Nexa Equity Fund II represents the firm's second fund, following Nexa Equity Fund I which closed at approximately $180 million in June 2023 and validated the lower middle market vertical SaaS thesis. Known portfolio companies include Autura (towing and parking enforcement software), Cedar AI, Easy Metrics (labor management software), Facility Grid (construction commissioning software), Hometown, Ladle, and Leap (contractor software), all of which reflect the firm's focus on purpose-built vertical solutions for hands-on and essential industries. This database record (id=346, slug=nexa-equity-fund-ii-lp) is a duplicate of the canonical record id=345 (slug=nexa-equity-fund-ii), which is already fully enriched. The LP legal suffix is the only distinction. This record is recommended for merger into or deletion in favor of id=345.