Lock 8 Partners announced the final closing of its oversubscribed lower middle-market technology buy-out fund, Lock 8 Fund III LP, which received $182 million in investor commitments.
With deep sector specialists, Lock 8 will utilize the funds to maximize its investments in B2B SaaS and tech-enabled services businesses. Lock 8 saw strong support from existing investors and brought in several notable new investors.
Through Fund III, Lock 8 Partners will reinforce its proven strategy of investing in and scaling B2B SaaS companies. The firm focuses on identifying promising companies with solid products and stable foundations that have yet to maximize their commercial impact. Lock 8 optimizes long-term value creation with its proven and replicable operating model, prioritizing alignment of people, processes, and market opportunity.
Along with the financial investment, Lock 8 plays an active role in providing strategic guidance and support to its portfolio companies. And the firm has a proven track record of successful investments across its portfolio, including innovative SaaS companies in multiple sectors like Projector PSA, Real Life Sciences, and Relay.
Advisor: Goodwin Procter served as counsel to Lock 8 in the organization and the offering of interests in Fund III.
KEY QUOTES:
“At Lock 8, we strive to identify and unlock the true potential of companies. We are committed to partnering with operators to transform businesses, leverage hidden organizational strengths, and drive operational excellence. We look to foster an environment where these businesses can thrive, ensuring sustainable business growth and consistent value creation.”
- Todd Gibby, Managing Partner at Lock 8
“We’re grateful for the continued support of our investors and proud of the outcomes we’ve achieved in Fund II and our other predecessor funds. This fundraise positions us to continue to invest in our team and bring growth to lower middle-market technology firms.”
- Tim Blomfield, Partner at Lock 8
