Laura Grattan, a dealmaker with Crosspoint Capital, left the firm last year, the latest professional to leave the firm’s investment team that has bulked up with experienced operators.
Crosspoint had been raising its second fund, which was said to have collected around $900 million, sources told Buyouts. It’s not clear if Fund II has held a final close on its $1.5 billion target.
No one from Crosspoint returned comment requests.
Grattan joined Crosspoint in 2021 from Thomas H Lee Partners, part of a team expansion that also included Dan Stanko, who joined from HGGC. Her departure came after Ian Loring, former managing partner, left the firm in 2022.
Crosspoint was formed in 2019 by a group of former cybersecurity industry senior executives: managing partners Greg Clark and Matt MacKenzie, both ex-leadership at Symantec Corp, and Steve Luczo, who had a long leadership career at Seagate Technology.
Reflecting the founders’ backgrounds, Crosspoint has a heavy focus on operational experts on its deal team, but has lost some investment professionals in recent years.
The firm closed its debut fund on $1.3 billion in 2021. It had been targeting $1.5 billion for Fund II, which launched in 2022. As of March, Fund II had gross asset value of about $545 million and Fund II-A had gross asset value of about $351 million, according to the firm’s Form ADV.
The firm managed about $3.3 billion as of December 31, the Form ADV said. Last year, the firm agreed to acquire Absolute Software, a cybersecurity provider for devices, data and security controls.
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