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Mapping out the US’s largest first-time funds

These are the biggest first-time funds being raised by US-based managers.

 

Crosspoint Capital Partners

Launched last year by former Symantec chief executive Greg Clark, Crosspoint’s strategy is focused on cybersecurity, data privacy and infrastructure software. Managing partner John Mumford founded the now-closed Crosspoint Venture Partners in 1982.

Year fund launched: 2020
Headquarters: Woodside, California
Size: $1bn

Knox Lane Capital

Founded by TPG Growth veterans John Bailey and Shamik Patel in late 2019, Knox Lane makes control investments in mid-market consumer and services businesses.

Year fund launched: 2020
Headquarters: San Francisco
Size: $500m

SER Capital Partners

SER was launched in 2019 and invests in sustainable, environmentally focused and renewable energy assets, and is currently working on several pre-fund deals.

Year fund launched: 2020
Headquarters: San Francisco
Size: $750m

Twist Capital

Founded in May 2019, Twist focuses on debt and debt-line investments in later stage technology firms. The firm’s debut fund is special situations-focused and makes investments through a combination of preferred equity and senior debt.

Year fund launched: 2020
Headquarters: Beverly Hills
Size: $500m

Brighton Park Capital

Founded in 2019, Brighton Park focuses on early-stage investments in US-based technology and healthcare companies. The firm launched its first fund in October last year.

Year fund launched: 2019
Headquarters: Greenwich, Connecticut
Size: $750m

Arctos Sports Partners

Arctos is a private equity platform focusing on professional sports and sports franchise owners, partnering with owners and leagues to provide liquidity. Launched in October 2019, the firm is seeking to gather between $1.5 billion and $1.8 billion for its inaugural fund, as reported by sister publication PE Hub.

Year fund launched: 2020
Headquarters: Dallas
Size: $1.5bn

Equality Asset Management

Founded in 2018 by former Summit Partners executive Thomas Roberts, Equality targets growth equity investments in North American healthcare and technology companies.

Year fund launched: 2019
Headquarters: Boston
Size: $500m

OceanSound Partners

Founded in 2018 by former Veritas Capital and Technology Crossover Ventures executives, OceanSound makes control-equity investments into US mid-market technology and tech-enabled services companies.

Year fund launched: 2019
Headquarters: New York
Size: $750m

Long Arc Capital

Launched in 2016, Long Arc Capital makes growth investments in the North American and European technology, business services, financial services, media and telecommunications industries.

Year fund launched: 2020
Headquarters: New York
Size: $500m

Spring Bridge Partners

Founded in 2017, Spring Bridge specializes in secondaries investments across North America. Last year, the firm launched its first fund.

Year fund launched: 2019
Headquarters: New York
Size: $500m

Canapi Ventures

Founded in 2019, Canapi is a venture capital firm focused on early- to growth-stage fintech companies. The firm launched its inaugural fintech funds in January, reporting $545 million in commitments secured at the time of launch.

Year fund launched: 2019
Headquarters: Washington, DC
Size: $545m