Vector Capital raises $1.4bn for fifth fund

Including the latest fund, the firm's total capital under management reaches $3.3bn, according to the GP.

Based in San Francisco, the firm currently has a team of 50 staff.

Investors
A mix of returning LPs contributed to the fund, including El Paso Firemen & Policemen's pension fund, which committed $9m; the District of Columbia retirement board, which committed $30m; and the Municipal Fire & Police Retirement System of Iowa, which committed $25m.

Investments
Vector Capital typically makes buyouts, recapitalisations, corporate divestments, credit securities, restructurings and minority investments. Its fifth fund will further solidify Vector's focus on the global mid-market, the GP said, targeting investments in established businesses with an EV ranging between $100m-2bn and based in North America, Europe and Israel.

Sector-wise, the fund will be largely focused on technology, investing in public and private technology companies across the software, internet, digital media, communications and industrial technology assets.

People
Vector Capital – Alex Slusky (chief investment officer).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyout
• Vector Capital
• United States