Wingman Growth Partners announced the closing of Wingman Growth Partners Fund I, raising $215 million at its hard cap. The inaugural fund exceeded its $150 million target by more than 40%, was oversubscribed, and closed in less than one year. The fund attracted commitments from a diverse group of individual and institutional investors, including endowments, family offices, foundations, and funds of funds across North America and internationally.
The Greenwich, Connecticut-based investment firm focuses on software, data, and financial technology businesses. Wingman’s strategy centers on building a concentrated portfolio of six to eight platform investments, with a specialization in vertical and mission-critical software. The firm works closely with founder-led, growth-stage technology companies that possess proprietary intellectual property and domain expertise, particularly those positioned to leverage artificial intelligence to create value for customers.
Wingman’s operating model is designed to support portfolio companies through strategic initiatives across go-to-market execution, product development, pricing optimization, talent management, and mergers and acquisitions. The firm’s investment team brings more than 50 years of combined experience investing in and advising software businesses through periods of significant growth and transformation.
Earlier this year, Wingman announced its investment in InterProse, a provider of cloud-native software for the accounts receivable management industry. The company subsequently completed the acquisition of Beam Software, combining two technology platforms focused on collections management.
Support: Kirkland & Ellis served as legal advisor to the fund, while Strathmore Group acted as placement agent.
KEY QUOTES:
“We are deeply grateful for the support of our investors. The demand for our inaugural fund, particularly in the current economic environment, reflects conviction in both our strategy and our team. We believe strongly that mission-critical software is not only durable in the age of AI but attractively positioned to harness it to unlock additional value for customers.”
Jeff Machlin, Founder And Managing Partner, Wingman Growth Partners
