Glade Brook Capital Partners has announced the final close of its Glade Brook Strategic Growth Fund IV (SG IV), securing $515 million in capital commitments, surpassing its $450 million target.
The fund, which focuses on growth equity investments across various stages, aims to partner with 12 to 15 companies that benefit from significant secular trends in sectors such as FinTech, AI, SpaceTech, DefenseTech, and e-commerce.
Glade Brook has already deployed over 65% of SG IV’s capital, with investments in notable companies including Revolut, Stripe, Stoke Space, Zepto, Perplexity, and Saronic Technologies.
This fundraising follows the $430 million close of SG III in 2022, reflecting strong investor confidence from technology leaders, endowments, insurance companies, family offices, and sovereign wealth funds.
KEY QUOTES:
“We are thrilled to announce the final close of SG IV and are grateful to our investors who continue to have strong conviction in our strategy and ability to deliver consistently strong returns. We remain bullish on the pace of innovation and believe the coming years will be transformative for the technology ecosystem. We look forward to partnering with innovative founders and management teams that are building the next generation of great companies.”
Paul Hudson, Founder and Chief Investment Officer of Glade Brook
“Amid a challenging fundraising environment, this successful fundraise is a testament to the strength of our proven investment process and our ability to drive outsized returns throughout market cycles. SG IV will deploy this same investment process, leveraging our domain expertise, global perspective and disciplined research-based approach to identify idiosyncratic investment opportunities. We are also excited to continue to grow our high performing team to further expand the Glade Brook platform.”
Kyle Daniel, Chief Operating Officer at Glade Brook
