Blueprint Equity has raised a $333 million third fund, Blueprint Equity III, in a single close that the firm said was oversubscribed and completed in 12 days, pushing the San Diego-based growth equity manager past $600 million in assets under management.
The firm said Fund III will target initial checks of $5 million to $15 million for capital-efficient, high-growth enterprise software, B2B, and technology-enabled services companies generating roughly $1 million to $7 million in revenue. Blueprint said the fund is backed by a group of institutional limited partners, including endowments, foundations, and hospital systems, as well as returning investors such as Accolade Partners, the David and Lucile Packard Foundation, and Makena Capital Management.
Blueprint said it works closely with management teams through a dedicated value creation function, supporting initiatives such as recruiting, sales and marketing playbook implementation, pricing optimization, and sourcing and evaluating acquisitions. Since launching in 2018, the firm said it has completed 24 platform investments and executed seven partial recapitalizations.
Alongside the fund close, Blueprint announced internal promotions, naming Francis Donohue and John Bonhard as principals, Connor Nevelle as vice president, and Jacob DeMarco and Ina Kodra as senior associates. Ocampo said the team is a key differentiator for the firm and will take on greater responsibility as Fund III is deployed.
KEY QUOTES:
“As we launch our third fund, we are doubling down on what works: backing exceptional founders building real businesses outside the traditional venture slipstream. Today’s market rewards discipline, efficiency, and operational rigor. We’ve built Blueprint to be the first institutional partner that helps young, high-growth businesses professionalize and prepare for meaningful scale, without forcing them onto a funding treadmill they don’t need,”
“The Blueprint team is what differentiates us from our peers. We are excited for the future and expect our entire organization to take on greater responsibilities in Fund III.”
Bobby Ocampo, Co-Founder and Managing Partner, Blueprint Equity
“With this fund, we’re continuing our mission and expanding our ability to support the next generation of durable, founder-led software companies. In a market where many funds have moved upstream, Fund III allows us to stay committed to our target segment of the market where we see strong fundamentals, including profitable growth, real customers, sticky products, and founders who know their industries better than anyone. It’s a powerful moment to lean into that focus.”
Sheldon Lewis, Co-Founder and Managing Partner, Blueprint Equity
“Blueprint is an elite manager in growth equity—disciplined, consistent, and relentlessly focused on being the best. The team they’ve assembled is exceptional, and the results speak for themselves. Re-upping with them was a no-brainer for us.”
Aram Verdiyan, Partner, Accolade Partners
