Escalate Capital Partners Achieves First Close Of Fourth Fund With $282 Million

By Amit Chowdhry ● October 10, 2019
  • Austin, Texas-based Escalate Capital Partners announced the first close of Escalate Capital IV, LP with $282 million of capital from returning and new limited partners

Escalate Capital Partners, an Austin, Texas-based venture capital firm, announced the first close of Escalate Capital IV, LP with $282 million of capital from returning and new limited partners. The limited partners in Escalate IV include JP Morgan Asset Management, The University of Texas/Texas A&M Investment Management Company, Bespoke Private Strategies, Cadence Bank, Regions Bank, and several others. The fund has a hard cap of $290 million.

“We are appreciative of the confidence our limited partners have shown in our team and investment strategy,” said Escalate Capital managing director Ross Cockrell.

Escalate IV’s core investment strategy continues to be lending to venture and growth capital-backed companies within the technology, services, and healthcare industries across the U.S. And additionally, Escalate IV will expand upon a complementary equity investment strategy seeking to make $1 million – $2 million equity investments in existing fund portfolio companies to finance their growth.

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Escalate Capital Partners also announced it hired Travis Wood as a Director and Brendan Scher, CFA as an Associate. And Escalate promoted Chris Hall to Principal.

Wood is joining Escalate after a 20-year career at Silicon Valley Bank where he served in various managerial, sales and portfolio management roles. Scher is joining Escalate with nearly a decade of expertise in credit, capital markets, and M&A.

Ever since Escalate Capital Partners launched in 2005, it invested in over 100 growing companies. And the current and former Escalate fund investments include Accolade, HomeAway, LDR Spine, Lifesize, Phreesia, RetailMeNot, RigNet, Sailpoint, Virtustream, and Wombat Security.

“The complementary equity investment strategy expands our toolbox and augments the firm’s 15-year history of providing flexible capital solutions,” said Christopher Julich, Managing Director.