Guidepost Growth Equity announced it has closed its fourth fund, Guidepost Growth Equity IV, L.P., with $521 million in total commitments, exceeding the firm’s $500 million fundraising target. The growth equity firm said the vehicle was oversubscribed and drew commitments from both new and existing limited partners.
The firm said Fund IV’s LP base includes a mix of university endowments, foundations, insurance companies, pension funds, fund-of-funds, and family offices. Guidepost focuses on “core growth equity” investments in enterprise-focused technology companies across application and infrastructure software, as well as tech-enabled and data services.
Guidepost said its investment team includes more than 20 professionals with software and tech-enabled services experience, supported by an operating group and a Value Creation Group that works directly with portfolio company leadership teams on scaling initiatives. The firm cited its advisor network and functional resources as part of its approach to accelerating organic growth and building for additional scale.
Support: Kirkland & Ellis served as legal counsel for the fundraise, and M2O Private Fund Advisors acted as the exclusive placement agent.
KEY QUOTES:
“We are grateful for the strong support from both existing and new limited partners, which resulted in an oversubscribed Fund IV. This outcome reflects continued confidence in our disciplined core growth equity approach and our team’s ability to partner with exceptional entrepreneurs to grow industry leading technology companies.”
Gene Nogi, General Partner, Guidepost Growth Equity
“Fund IV gives us the opportunity to form new partnerships with outstanding founders building category leading technology companies. We are eager to continue working alongside ambitious entrepreneurs and management teams as long-term partners, to help them build equity value through sustainable, organic growth.”
Chris Cavanagh, General Partner, Guidepost Growth Equity
