Firm: Stripes Group LLC
Fund: Stripes Group Fund II LP
Placement Agent: TBD
The firm is currently in pre-marketing mode and is hoping to begin fundraising officially by 2012, or as early as the second quarter. It does not yet have a placement agent, but its executives are debating whether to use one.
Stripes Group typically invests $20 million to $30 million of equity in its deals, targeting companies involved in the Internet, digital media, e-commerce, enterprise software, information technology and other software-related assets. The firm’s portfolio includes
Ken Fox, an entrepreneur who co-founded publicly traded investment firm
In March of last year, the firm closed its first fund with $180 million in commitments. It did not employ a placement agent for that effort.
The firm has not yet decided on a target for Fund II but will likely seek more than it did with fund I, the source said.