Equality Asset Management Closes $575 Million Fund II to Fuel Growth in Software Sector
In a significant milestone for the private equity landscape, Equality Asset Management (EAM), located in Boston, has announced the closure of its second fund, officially named EAM Private Equity Partners II, L.P. The fund, which amassed a remarkable 575 million in total capital commitments, showcases a robust interest from a diverse array of institutional investors. This overwhelming demand led the fund to an oversubscribed status, significantly exceeding its hard cap.
"This is an exciting milestone for our firm and one we approach with both gratitude and a strong sense of responsibility. We are sincerely thankful to our investors for their trust and partnership, and to our team and portfolio companies for the collaboration and hard work that helped make this possible," said Jeff Del Papa, Co-Founder and Managing Partner of EAM. He expressed a positive outlook, focusing on the upcoming opportunities and the firm’s dedication to executing on their strategic vision while creating substantial value for their partners.
EAM’s second fund has received enthusiastic backing from existing as well as new institutional investors, which comprise a well-rounded global investor base. Notably, this includes a mix of asset managers, insurance companies, family offices, university endowments, consultants, public and private pensions, and various charitable organizations. Such a broad array of support speaks volumes about the reputation EAM has built within the investment community.
Tom Roberts, Co-Founder and Managing Partner, emphasized the firm's dedication to high-performance standards, especially in founder-led software businesses. "We founded EAM with a vision to build a high-performing private equity firm focused on founder-led software businesses. We are grateful to our returning and new investors who have chosen to join us on this journey. We will work hard to continue to merit the trust and partnership of our portfolio executives and limited partners," he stated.
The firm’s strategic focus will remain on investing in leading enterprise software companies, an area where EAM has established its proven Investor-Operator approach. This methodology not only emphasizes partnership but also aims at value creation by enhancing growth capabilities and optimizing operational efficiencies for its portfolio companies.
EAM Fund II will tap into the evolving landscape of software technologies, a sector where demand continues to rise amidst an accelerating digital transformation across industries. By capitalizing on emerging opportunities, the fund is well-positioned to deliver outstanding returns while fostering innovation and growth among its partners.
The placement agent for EAM Fund II was FirstPoint Equity, while Ropes & Gray LLP served as the legal counsel for the fundraising process, ensuring a seamless and compliant closure to the fund.
For more information about Equality Asset Management and their strategic investments, potential investors and interested parties can visit their official website at www.equalityam.com.
About Equality Asset Management
EAM is an innovative, growth-focused private equity firm. With an emphasis on providing equity capital along with strategic and operational support, the firm seeks to empower growth companies in the software and software-enabled services sectors. Backed by decades of combined investment and operational expertise, EAM has earned a strong reputation for creating value and building lasting partnerships with founders and CEOs.
This significant fund closure underscores EAM’s commitment to driving transformative growth within the software industry, establishing a strong foundation for continued success in the private equity arena.
"This is an exciting milestone for our firm and one we approach with both gratitude and a strong sense of responsibility. We are sincerely thankful to our investors for their trust and partnership, and to our team and portfolio companies for the collaboration and hard work that helped make this possible," said Jeff Del Papa, Co-Founder and Managing Partner of EAM. He expressed a positive outlook, focusing on the upcoming opportunities and the firm’s dedication to executing on their strategic vision while creating substantial value for their partners.
EAM’s second fund has received enthusiastic backing from existing as well as new institutional investors, which comprise a well-rounded global investor base. Notably, this includes a mix of asset managers, insurance companies, family offices, university endowments, consultants, public and private pensions, and various charitable organizations. Such a broad array of support speaks volumes about the reputation EAM has built within the investment community.
Tom Roberts, Co-Founder and Managing Partner, emphasized the firm's dedication to high-performance standards, especially in founder-led software businesses. "We founded EAM with a vision to build a high-performing private equity firm focused on founder-led software businesses. We are grateful to our returning and new investors who have chosen to join us on this journey. We will work hard to continue to merit the trust and partnership of our portfolio executives and limited partners," he stated.
The firm’s strategic focus will remain on investing in leading enterprise software companies, an area where EAM has established its proven Investor-Operator approach. This methodology not only emphasizes partnership but also aims at value creation by enhancing growth capabilities and optimizing operational efficiencies for its portfolio companies.
EAM Fund II will tap into the evolving landscape of software technologies, a sector where demand continues to rise amidst an accelerating digital transformation across industries. By capitalizing on emerging opportunities, the fund is well-positioned to deliver outstanding returns while fostering innovation and growth among its partners.
The placement agent for EAM Fund II was FirstPoint Equity, while Ropes & Gray LLP served as the legal counsel for the fundraising process, ensuring a seamless and compliant closure to the fund.
For more information about Equality Asset Management and their strategic investments, potential investors and interested parties can visit their official website at www.equalityam.com.
About Equality Asset Management
EAM is an innovative, growth-focused private equity firm. With an emphasis on providing equity capital along with strategic and operational support, the firm seeks to empower growth companies in the software and software-enabled services sectors. Backed by decades of combined investment and operational expertise, EAM has earned a strong reputation for creating value and building lasting partnerships with founders and CEOs.
This significant fund closure underscores EAM’s commitment to driving transformative growth within the software industry, establishing a strong foundation for continued success in the private equity arena.
Topics Financial Services & Investing）
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