Equality Asset Management (EAM), a Boston-based private equity firm focused on transformative growth software and technology companies, announced it has closed its second fund, EAM Private Equity Partners II, L.P., with $575 million in total capital commitments. The firm said the fund was oversubscribed, with investor demand exceeding its hard cap.
EAM said Fund II drew support from both existing and new institutional investors worldwide, including asset managers, insurance companies, family offices, university endowments, consultants, public and private pensions, and charitable organizations.
The firm said the new vehicle will continue EAM’s strategy of investing in category-leading enterprise software companies, leveraging its Investor-Operator approach to partner with founder-led businesses. EAM added that this model is designed to help portfolio companies accelerate growth, expand capabilities, and scale efficiently through strategic and operating support.
FirstPoint Equity served as placement agent for the fundraise, and Ropes & Gray LLP served as legal counsel.
EAM describes itself as a growth-focused private equity firm providing equity capital and strategic and operating support to companies in software and software-enabled services, with a focus on partnering with founders and CEOs.
KEY QUOTES
“This is an exciting milestone for our firm and one we approach with both gratitude and a strong sense of responsibility. We are sincerely thankful to our investors for their trust and partnership, and to our team and portfolio companies for the collaboration and hard work that helped make this possible. We are excited about the opportunity ahead and focused on executing thoughtfully, supporting our partners, and creating value.”
Jeff Del Papa, Co-Founder and Managing Partner
“We founded EAM with a vision to build a high-performing private equity firm focused on founder-led software businesses. We are grateful to our returning and new investors who have chosen to join us on this journey. We will work hard to continue to merit the trust and partnership of our portfolio executives and limited partners.”
Tom Roberts, Co-Founder and Managing Partner
