Sunstone Partners wraps up third fund at $925m

• Sunstone Partners III’s limited partners include leading endowments, foundations, family offices, fund-of-funds and pension funds
• Since its inception in 2015, Sunstone Partners has made 39 investments, including 13 platforms and 26 add-ons
• Sunstone Partners has more than $1.7 billion committed to its three funds

Sunstone Partners has closed its third fund at a hard cap of $925 million third fund.

Sunstone Partners III’s limited partners include leading endowments, foundations, family offices, fund-of-funds and pension funds.

“We are incredibly grateful to our existing LPs for their continued support and excited to welcome and work with our new investors,” said Gustavo Alberelli, a managing partner at Sunstone Partners, in a statement. “Their strong support is a validation of our investment strategy, overall performance, and team we are building at Sunstone Partners.”

Sunstone Partners will focus on growth equity and growth buyout investments in technology-enabled services and software companies. Sunstone Partners targets investments of $50 million to $150 million of equity capital per portfolio company.

Since its inception in 2015, Sunstone Partners has made 39 investments, including 13 platforms and 26 add-ons.

Sunstone Partners has more than $1.7 billion committed to its three funds.