San Francisco, CA (February 11, 2015) – Carrick Capital Partners, an investment firm focused on technology-enabled services businesses including SaaS, Software, BPO and Transaction Processing, today announced the close of Carrick Capital Partners II with $275 million. Carrick’s first fund closed two years ago with $180 million, and the closing of Fund II brings the growth equity firm’s total capital raised to nearly half-a-billion dollars.
Carrick takes an operational approach to growth equity investing, bringing to bear a distinctive combination of operational and investment expertise to help entrepreneurs and management successfully scale their businesses. Consistent with the investing strategy for Fund I, Carrick will apply the same investment strategy, approach and sector focus for Carrick Capital Partners II, with the added flexibility to pursue slightly larger investments.
“We are extremely pleased with the success of our first fund. The support of our existing investors and the significant new investor interest enabled us to quickly close our Fund II,” explained Carrick Capital Partners Co-Founder and Managing Director Marc McMorris. Carrick Capital Partners II received capital commitments from discerning investors including university endowments, foundations, fund-of-funds, pension plans, and family offices / high net worth individuals.
“Our team has unparalleled experience operating and building companies in the rapidly growing tech-enabled business services sector. We believe that our approach of direct involvement in each company is a unique differentiator for Carrick and contributes significantly to positive economic outcomes in our portfolio,” explained Carrick Capital Partners Co-Founder and Managing Director Jim Madden. “This approach to building value (ABV) is beneficial to technology companies operating in numerous industries. We see great opportunities for our model in the healthcare, energy, and financial services sectors, to name just a few,” Madden added.
About Carrick Capital Partners
Carrick Capital Partners is an investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast growing businesses that provide software and technology-enabled services. Carrick adds value by taking a concentrated approach and dedicating significant resources post-investment. Carrick helps scale great companies that deliver significant returns for investors, stimulating economic growth, and positively impacting the industry landscape. Working directly with CEO’s and entrepreneurs, Carrick fulfills a vital need for investment and growth expertise. For more information, please visit www.carrickcapitalpartners.com.