Recognize announced it has closed its second fund, Recognize Partners II/II-A, L.P., with commitments over $1.7 billion. Co-founded by Francisco D’Souza, Charles Phillips, and David Wasserman, Recognize is known for partnering with digital services innovators.
The firm supports founders and management teams in utilizing AI, software, and digital platforms to transform their enterprises. Recognize II will invest in companies valued between $50 million and $500 million, aiming for growth through strategic partnerships.
The fund was oversubscribed and closed in under five months, backed by existing and new investors, including global institutions such as endowments, foundations, pensions, insurers, family offices, outsourced CIOs, and fund-of-funds from across the U.S., Europe, Asia, and Latin America.
Recognize made four new investments: SDG Corporation (cybersecurity), Sprout (digital infrastructure), TRANZACT (insurance services), and HealthEdge (healthcare SaaS).
Earlier this year, Recognize sold AST to IBM and part of 2X to Insight Partners. In 2024, it also sold Torc to Randstad.
Advisors: Recognize’s fundraising was advised by Rede Partners Americas, with legal and tax counsel from Goodwin Procter.
KEY QUOTE:
“We are incredibly grateful for the continued support of our partners. We remain focused on building Digital Services businesses for the future and partnering with excellent management teams to deliver long-term value for our investors.”
Debbie Park Munfa, Partner and Head of Investor Relations at Recognize
