About This Fund
About Nexa Equity Fund II Nexa Equity Fund II is a $390 million private equity fund managed by Nexa Equity, a San Francisco-based firm that partners with high-growth vertical SaaS companies to help scale them into market leaders. Closing in May 2025 at its hard cap—oversubscribed and fully subscribed in under six months—Fund II brings Nexa's total assets under management to over $1 billion. Founded in 2021 by Managing Partner Vlad Besprozvany, Nexa Equity has assembled a team of 18 experienced investors and operators who combine deep software expertise with a disciplined value-creation playbook centered on operational improvement, go-to-market acceleration, and strategic M&A. The rapid oversubscription of Fund II reflects strong institutional LP conviction in both the team and the secular tailwinds driving adoption of vertical SaaS across industries.
Nexa Equity Fund II focuses on control investments in vertical SaaS businesses—companies building industry-specific software for end markets including financial services, healthcare, logistics, real estate, and business services. Unlike horizontal software platforms that serve all industries generically, vertical SaaS companies typically achieve higher net revenue retention, stronger competitive moats, and faster paths to market leadership within their defined categories. Nexa targets companies at an inflection point—typically with proven product-market fit and initial revenue traction—where the firm's operational involvement can meaningfully accelerate the path to category leadership through go-to-market investment, talent upgrading, international expansion, and strategic bolt-on acquisitions. The fund holds concentrated positions, preferring fewer, higher-conviction bets to a broad spray-and-pray portfolio approach.
Nexa Equity's first fund established the firm's approach to vertical software investing and generated early returns that validated the thesis. With Fund II, Nexa scales the platform with greater capital to pursue larger platform investments and more ambitious buy-and-build strategies across vertical categories. The firm draws on its operators-as-investors model—where team members have scaled SaaS businesses themselves—to provide founders and management teams with practical, relevant guidance during the ownership period. Nexa Equity Fund II is positioned to capitalize on a period of heightened consolidation opportunity in vertical SaaS, as category leaders emerge from the competitive rationalization of the 2021-2023 overfunding cycle and begin to acquire weaker peers at attractive multiples.