The fund, launched in December, is earmarked for investments in revenue-generating information technology businesses in areas that will likely see rapid growth and thus need expansion capital and management expertise. Sectors of interest include storage software, payment systems, communications technology, software as a service, security software and mobile digital media.
Co-founder Richard McGinn previously was the chairman and CEO of Lucent Technologies, served as the president and CEO of AT&T’s Network Systems Group and was a partner at RRE Ventures, a technology investment firm. Co-founder Christopher Roden previously served as the managing director and global market manager for Citibank in the Middle East and North Africa.
The New York-based shop was founded in 2008. The firm did not respond to questions for this story.