Products
Integrations
Services
Company
FUNDRAISING NEWS | January 29, 2025
Tags: Private Equity, Fundraising
Sverica Capital announced on January 29 that it closed a continuation fund for its investment in marketing software and services company Stream Companies, with backing led by RCP Advisors and Churchill Asset Management.
The fund gave investors in the firm’s fourth flagship fund, Sverica Capital Partners IV, the option to roll over equity into the new vehicle. Severica said the new fund received rolling investments from a number of existing investors, along with new investors, including RCP and Churchill, along with an investment from Fund IV’s successor, Sverica Capital Partners V.
Sverica's 2016-vintage fourth fund had a target of $275M and had raised $232.7M from 44 investors as of its last SEC filing in February 2016. Its fifth fund raised $450M from 39 investors, according to an October 2019 filing.
Stream is a data-driven retail marketing agency and ad technology operating system provider, catering primarily to the automotive, commerce, and health sectors. Sverica enlisted Lazard to be its exclusive financial advisor and Choate Hall & Stewart as legal counsel on the continuation fund.
Written By: Dakota
March 17, 2023
December 05, 2024
January 27, 2025
925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481
© Dakota 2024 | Terms of Use | Privacy Policy | California Privacy Policy