- Volition Capital, a leading tech and consumer growth equity firm, announced it closed $600 million for two oversubscribed funds
Volition Capital — a leading technology and consumer growth equity firm — announced it has closed Volition Capital Fund IV, L.P. with $400 million in capital commitments and its inaugural Volition Capital Select Fund I, L.P. with $200 million in capital commitments. Now Volition Capital has over $1.1 billion in assets under management and has invested in more than 30 companies.
With $600 million more in commitments, Volition Capital now has $1.1 billion in total assets under management at its 10-year anniversary as a firm. And with the launch of Fund IV, Volition will maintain its core investment focus in high growth, principally bootstrapped companies with $5 million – $50+ million in revenue in the software, Internet, and consumer sectors. Plus Select Fund I is a new vehicle with the primary focus of supporting Volition’s most promising portfolio companies that warrant a larger capital investment. These funds will enable Volition to continue its leadership position in the small-cap growth equity asset class.
“Over the past 10 years, Volition has been singularly focused on high-growth, founder-owned businesses that have true breakout potential,” said manning partner Larry Cheng. “We believe that our total commitment to this focus has been key to our success, and we look forward to continuing that focus with Fund IV and Select Fund I.”
Fund IV is going to be Volition’s largest fund in the firm’s 10-year history with limited partners across the endowment, foundation, hospital, fund-of-fund, pension, and family office communities. And Volition will continue its philosophy of investing in a select few companies each year that have tremendous upside potential coupled with proven business models and a history of capital efficiency. Plus Volition will also maintain its focus of investing $10 million to $50+ million per company while being an active partner and Board member to its portfolio companies.
“At Volition, our mission is to make a meaningful impact on our founders, employees, and our limited partners,” added managing partner Roger Hurwitz. “We are very honored to have the support of a number of premier limited partners whose missions we are aligned with and are likewise privileged to support.”
Volition’s portfolio is known for spanning software, Internet, and consumer sectors with investments in companies like Arteza, Assent Compliance, Burst Oral Care, Connatix, GRAX, LoanLogics, Recycle Track Systems, Securonix, and Tracelink. And it has seen notable exits like Chewy, GlobalTranz, Insite Software, iPipeline, Velocify, and VisualIQ.
“While we are deeply committed to our core investment focus, we are also equally committed to innovating in how we execute against that focus,” explained managing partner Sean Cantwell. “We look forward to launching a series of new initiatives aimed at both identifying the most promising companies in our core sectors more effectively, as well as supporting the needs of our founders and portfolio companies over the course of their growth journey.”
