Denali Growth Partners (DGP) announced the final closing of Denali Growth Partners Fund II at $400 million in total limited partner capital commitments. And Fund II exceeded its $350 million target, which was backed by strong demand from both existing and new investors.
Fund II builds on DGP’s debut fund, a $200 million-plus growth equity fund raised in 2021, and advances the firm’s strategy of investing in growing, capital-efficient, and profitable companies led by exceptional entrepreneurs. And the firm focuses on sectors where its domain expertise aligns with real-world business performance. These sectors include healthcare, life sciences, professional services, technology-enabled platforms and services, and software.
Fund II attracted a highly diverse group of institutional investors, including pension plans, insurance companies, family offices, funds of funds, foundations, endowments, and asset managers. So far, DGP has invested in 11 platform companies that generate over $900 million in revenue, produce more than $100 million in EBITDA, and employ more than 3,000 individuals.
Advisors/counsel: Strathmore Group LLC served as DGP’s exclusive strategic advisor and as its placement agent. And Kirkland & Ellis served as legal counsel for Fund II.
KEY QUOTES:
“DGP was founded to bring founder-aligned growth capital to companies doing extraordinary things, often outside the limelight. We are incredibly grateful for the trust and support from our limited partners. Their collective conviction in our approach, and in the entrepreneurs we back, has been foundational to everything we do.”
Jesse Lane, Founder and Managing Partner of DGP
