Centana Growth Partners, a specialized growth equity firm investing in the future of finance, announced the closing of its oversubscribed third fund, Centana Growth Partners III, L.P., with $600 million in capital commitments from limited partners.
Along with Centana’s 10th anniversary, this milestone marks a decade of empowering transformative companies across financial services, fintech, and related enterprise technology. This latest closing builds on Centana’s previous funds, including its Fund II, which closed with $375 million in limited partner commitments.
Fund III focuses on companies with a strong track record of growth, experienced management teams, and meaningful customer traction with $7 to $75 million in recurring revenue. And the investments will continue to target businesses in core verticals such as asset management, insurance, banking, digital identity, wealth management, payments, capital markets, and enterprise technologies that support these sectors.
Centana usually makes targeted investments of $10 million to $50 million or more, and portfolio companies should benefit from access to Centana’s Strategic Network and Centana’s partners’ decades of experience working with companies in this ecosystem.
Centana Growth Partners made investments in 27 companies. This year so far, Centana led investments in five companies, including Adroit Trading Technologies (secured $15 million for its end-to-end execution management system designed for fixed income and OTC traders); Cayosoft (raised $22.5 million to support its unified solution for secure management and recovery of Microsoft Active Directory platforms); Gradient AI (received $56 million to enhance its AI-driven predictive analytics platform for the insurance industry); WarrCloud (raised $20 million to expand its automated warranty processing solution); and First Connect (secured $60 million to grow its digital insurance aggregator linking independent agents with carriers and MGAs worldwide).
Lazard served as placement agent, and Proskauer Rose served as legal counsel.
KEY QUOTES:
“The financial services landscape is undergoing major changes, with evolving technology and regulations driving disruption across every sector. We see tremendous potential in helping businesses navigate these shifts. Our latest fund continues to allow us to do more than provide capital – it empowers us to partner with innovative companies, offering strategic insights, industry expertise, and resources to help them address challenges and accelerate growth.”
- Ben Cukier, Partner
“The retreat of some generalist investors has left opportunities in fintech and financial services, and Centana has had a long-term, consistent focus on this area. These shifts in the market present opportunities for Centana to continue investing where innovation can deliver meaningful impact and present real solutions to real problems.”
- Eric Byunn, Partner
