Largest fund in firm’s history marks completion of successful Founder succession
PRINCETON, NJ, July 6, 2016 – Edison Partners today announced the final closing of its latest growth equity fund, Edison Partners VIII. The firm, founded in 1986, is also celebrating its 30th year investing in and partnering with technology entrepreneurs. At $275 million in committed capital, Edison VIII is the largest in the firm’s 30-year history and exceeded its $250 million target.
“We are appreciative of the confidence our investors have shown in our team and differentiated growth equity strategy,” said Chris Sugden, Managing Partner. “This is a true testament to our team’s ability to identify growth markets, assist entrepreneurs in accelerating expansion, and deliver strong returns.”
Edison Partners VIII targets investments in high-growth businesses in financial technology, healthcare IT, marketing technology and enterprise software. Edison VIII is gaining momentum, with investments in eight companies to date, including All Traffic Solutions, Clearpool Group, iQ media, Jornaya, Terminus, TripleLift, Solovis and VirtualHealth. Portfolio companies benefit from the Edison Edge value-added services platform which is comprised of dedicated operating executives with strategy, sales, marketing and financial expertise, along with the unique Edison Director Network, and comprehensive lineup of executive education programs.
Investors in Edison VIII include corporate and public pension plans, endowments, fund-of-funds, insurance companies and family offices. Limited partners include New Mexico Educational Retirement Board, Hirtle Callaghan, ORIX Ventures and The Honeywell Pension. “The Edison team effectively navigated the firm’s leadership transition from founder to partnership while remaining laser focused on an investment strategy that is both proven and differentiated,” said Steve Neel, Deputy Chief Investment Officer at New Mexico Educational Retirement Board. “NMERB is pleased to be a part of this next chapter.”
Since its inception in 1986, Edison Partners has invested in more than 200 companies and completed 154 exits. Exit success has continued in the last 18 months with 9 acquisitions, including FolioDynamix, NetProspex, and Premier Health Exchange (now Zelis Healthcare). The firm’s active portfolio currently consists of 43 companies.
ABOUT EDISON PARTNERS
For 30 years, Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey and build successful companies. Through the unique combination of expansion capital and the Edison Edge platform, consisting of strategic advisory, the Edison Director Network, and executive education, Edison employs a holistic approach to nurturing invention and creating value for growth stage businesses ($5 to $20 million in revenue) in financial technology, healthcare IT, enterprise IT, and marketing software industries. Edison investment objectives also include: buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison's active portfolio has created aggregate market value exceeding $5 billion. Its long-tenured team, based in Princeton, NJ manages more than $1 billion in assets throughout the eastern United States.