Insight

Coalesce Capital raises $900m for inaugural fund

As a result of this fundraising, Coalesce now has about $1 billion in regulatory assets under management.

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  • Coalesce Capital Fund I’s limited partners include endowments, foundations, healthcare and pension systems, financial institutions and entrepreneurs
  • PJT Park Hill served as placement agent while Latham & Watkins LLP served as fund formation counsel
  • Based in New York City, Coalesce invests in human capital-driven and technology-enabled services companies

Coalesce Capital has closed its debut fund at $900 million, beating its $750 million.

As a result of this fundraising, Coalesce now has about $1 billion in regulatory assets under management.

Coalesce Capital Fund I’s limited partners include endowments, foundations, healthcare and pension systems, financial institutions and entrepreneurs.

“Coalesce was formed to partner with ambitious entrepreneurs leading human capital- and technology-enabled services businesses. Our goal is to accelerate the growth of these companies by applying our financial capital and collaborative value creation approach,” said Stephanie Geveda, founder and managing partner of Coalesce in a statement. “We are grateful for the support of our Fund I investors on this journey and are working hard to reward their trust as we identify and invest behind the category-leading platforms of tomorrow.”

PJT Park Hill served as placement agent while Latham & Watkins LLP served as fund formation counsel.

Based in New York City, Coalesce invests in human capital-driven and technology-enabled services companies.