Ex-THL software investor Laura Grattan joins first-timer Crosspoint Capital

Grattan brings vast software investing experience from THL, where she was involved with deals including Nextech, Alfresco Software, iHeartMedia, Juvare, inVentiv Health, Univision Communications and West Corporation.

Seasoned software investor Laura Grattan will soon join the roster at Crosspoint Capital after more than 13 combined years at Thomas H. Lee Partners, sources familiar with the matter told PE Hub. 

Grattan will focus on infrastructure software and cybersecurity software at Crosspoint, which recently closed its debut pool of $1.3 billion – representing one of the largest first-time tech funds ever raised.

Crosspoint was launched last year by veteran tech CEO Greg Clark and has already added big hitters like Ian Loring from Bain Capital, where he previously co-led technology investing.

Grattan departed from Boston-based THL in January, one source said. A Crosspoint spokesperson confirmed that she will be joining at the end of the month as a managing director. 

Grattan was a private equity associate at THL from 2005 to 2007, and rejoined as a managing director in 2009 after attending Harvard Business School. She spent the bulk of her time at THL on software more broadly, including in infrastructure software and select areas of application software. 

She invested under THL’s technology vertical when rejoining in 2009 and moved over to the healthcare vertical in 2020, bringing her software and tech experience to spearhead HCIT efforts during her last year at the firm. Before joining THL, Grattan worked in the private equity group at Goldman Sachs. 

THL’s head of healthcare is managing director Joshua Nelson, while managing director Jim Carlisle leads the firm’s technology and business solutions vertical, as well as heads its automation-focused fund. 

While at THL, Grattan held various board directorships, including Nextech, Alfresco Software, iHeartMedia, Juvare, inVentiv Health, Univision Communications and West Corporation.

The investor is set to join Crosspoint on the heels of its third investment to date out of its new fund. Last week, Bain Capital and Crosspoint announced their joint acquisition of ExtraHop, a cloud-native network detection and response company, in a deal valued at $900 million.

The firm previously invested alongside Advent International in Forescout Technologies, and it made a small investment in cybersecurity company Cyware. 

Other senior leaders at Crosspoint include Steve Luczo, a former Seagate Technologies executive, including two stints as CEO; Hugh Thompson, former chief technology officer of Symantec, and before that, in the CTO role at Blue Coat; and Matt MacKenzie, who formerly worked as chief of staff at Symantec and before that at Blue Coat.