Alpha Partners, a leading growth equity firm investing in top-tier growth equity rounds led by the world’s best investors, announced the final closing of its oversubscribed third fund, Alpha Partners Fund III. Fund III has $153 million in commitments.
Alpha will continue its goal of investing in the best growth-stage opportunities by working with 1,000+ early-stage venture firms that have insider access to their own top-returning portfolio companies. These early-stage funds often have access to the best opportunities.
Alpha Fund III investors include returning investors and a diverse group of new backers, such as prominent U.S. and international institutions, family offices, and registered investment advisors. This interest propelled Alpha Fund III to become nearly three times larger than its previous fund, growing its assets under management to over $300 million.
With Fund III, Alpha Partners will continue focusing on the proven investment strategy that it pioneered in 2013. Alpha helps early-stage investment firms access fresh reserve capital to maximize their ownership in their best-performing companies. And Alpha’s collaborative approach enables it to invest with little competition into companies that attract over-subscribed rounds from the world’s best investment firms.
The company’s recent investments include Pearl, an FDA-approved AI platform that allows dental professionals to review dental x-rays more efficiently; Second Front, a software company that enables commercial software vendors to sell their products to the US government in a secure, cost-effective, and rapid manner; Shield AI, a developer of autonomous drone systems and AI piloting software; Rad AI, an AI platform for radiologists that streamlines their workflows; and Chainguard, a software supply chain cybersecurity firm that’s protecting the integrity of open source code.
Alpha’s portfolio company exits via IPO include Coupang, Coursera, Rover, Udemy, Vroom, and Wish, as well as exits by acquisitions including HPE’s acquisition of Cloud Technology Partners and by Uber’s acquisition of Careem.
KEY QUOTE:
“We are grateful that nearly all of our limited partners renewed their commitment with us. We’re excited to add a number of institutions from around the world as new limited partners.”
-Steve Brotman, Managing Partner at Alpha Partners
