Savano Capital Partners announced the final close of Savano Capital Partners IV, L.P., raising $252 million in capital commitments and exceeding its original target. Fund IV is the largest in the firm’s history, roughly 60 percent larger than its predecessor, and brings the firm’s total capital commitments across its funds and co-investment vehicles since inception to more than $600 million.
The fund drew strong support from existing limited partners and attracted new institutional investors, including endowments, foundations, family offices, and, for the first time in the firm’s history, two public pension plans. Several of the new investors are advised by leading institutional investment consultants. Savano is a direct secondary investor that provides liquidity to individual shareholders and early investors in mature, high growth software and technology companies, working directly with companies to structure targeted liquidity transactions.
Fund IV has invested in 12 companies spanning enterprise software, cybersecurity, data and AI infrastructure, financial technology, and tech enabled services, including Steno, Vi Labs, Docker, and Lambda. The fund has already realized two investments: Reltio, which was acquired by SAP in May 2026, and Nozomi Networks, acquired by Mitsubishi Electric in January 2026. Since its founding in 2010, Savano has invested in more than 65 companies and completed more than 500 transactions. Cooley LLP served as legal counsel in the formation of Fund IV.
KEY QUOTES:
“Every fund has focused on serving the same two constituencies: shareholders who need liquidity and companies that want a trusted partner while they build. Fund IV is a validation of the strategy we have pursued for more than 15 years. We are grateful to our longtime limited partners and proud to welcome a new group of institutions. Their confidence lets us deliver thoughtful liquidity to the people who helped build these companies at a scale we could not reach before.”
Tom Smith, Managing Partner, Savano Capital Partners
“The secondary market has moved from the edge of private markets to the center. Great software companies now take a decade or longer to reach an exit, and the value created along the way needs a release valve. Founders, employees and early investors need practical ways to realize a portion of that value, and companies want those transactions handled thoughtfully and aligned with their long-term objectives. Savano was built for both sides of that equation.”
Matt Good, Chief Operating Officer, Savano Capital Partners
