DLA Piper advises Greenridge Growth Partners in closing US$255 million fund

DLA Piper represented Greenridge Growth Partners (Greenridge), a software-focused private equity firm, in connection with the formation and fundraise of its second fund, Greenridge Growth Partners II, L.P. (Fund II).  Fund II recently held its final closing, raising US$255 million in new capital commitments. Fund II was significantly oversubscribed and closed within one year of launch.

Fund II received commitments from a diverse investor base, including endowments, foundations, asset managers, family offices, fund-of-funds, founders, and industry executives. Greenridge plans to build on the success of its eight prior software platform companies by continuing to invest in purpose-built, vertical-specific software businesses.

“We were pleased to advise Greenridge on their second institutional private equity fund, which will provide them with the opportunity to operate as a value-add investor with founder-owned B2B software businesses,” said Sara Stinnett, the DLA Piper partner who led the deal team.

In addition to Stinnett (Austin), the DLA Piper deal team included counsel James Killmond (Palo Alto) and associate Matthew Seafield (Chicago).

The firm’s global investment funds team provides a dynamic, integrated service to sponsors, fund managers and institutional investors, supported by the firm’s international tax and regulatory networks. The team advises clients on the full spectrum of private investment funds, all major investment strategies and all stages of a private investment fund's life cycle.