Greenridge Exceeds Target with $255M B2B Software Fund II Close

Private equity firm Greenridge Growth Partners announced that it has closed its second buyout fund focusing on B2B software businesses with $255M in total commitments.

The Austin, TX-based firm said in an October 22 press release that Greenridge Growth Partners Fund II was oversubscribed by an investor base spanning endowments, foundations, asset managers, family offices, fund-of-funds, founders, and industry executives. The fund seeks to make control investments in B2B software companies with $5M to $15M annual recurring revenue, following on from its predecessor fund which invested in eight portfolio companies.

Aviditi Advisors, the private capital advisory group of Piper Sandler & Co., served as placement agent for Greenridge in the fundraiser, with DLA Piper LLP acting as legal counsel.

View the press release here.

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