Coalesce Capital (a private equity firm investing in human capital-driven and technology-enabled services companies) announced the closing of its inaugural fund Coalesce Capital Fund I LP and parallel vehicles with $900 million in total capital commitments.
The Fund was oversubscribed and secured investor commitments in nine months, above its original target of $750 million. Coalesce now has about $1 billion in regulatory assets under management (AUM).
The Fund’s globally diversified investor base includes leading endowments, foundations, healthcare and pension systems, financial institutions and entrepreneurs. And Coalesce started deploying the Fund and recently completed its first investment in Examinetics, a leading provider of occupational health compliance testing services.
PJT Park Hill served as the exclusive placement agent, subject to certain exclusion. And Latham & Watkins LLP served as fund formation counsel.
KEY QUOTE:
“Coalesce was formed to partner with ambitious entrepreneurs leading human capital- and technology-enabled services businesses. Our goal is to accelerate the growth of these companies by applying our financial capital and collaborative value creation approach. We are grateful for the support of our Fund I investors on this journey and are working hard to reward their trust as we identify and invest behind the category-leading platforms of tomorrow.”
- Stephanie Geveda, Founder and Managing Partner of Coalesce
