- July 12, 2021
- Posted by: Stratford Team
- Category: Business
BOSTON–(BUSINESS WIRE)–Wavecrest Growth Partners (Wavecrest) today announced the close of its second fund, Fund II, at its hard cap with $290 million in capital commitments. The fund was significantly oversubscribed. The fund received strong support from its existing investor base of leading endowments, insurance companies, fund of funds, family offices, and pension funds, as well as several new institutional investors. More than 30 current and former portfolio CEOs and Operating Advisors of Wavecrest also invested in the fund.
“We are grateful for the confidence that existing and new investors have placed in us, including the number of portfolio CEOs and Operating Advisors who committed to our second fund,” commented Deepak Sindwani, Co-Founder and Managing Partner. “Our strategy remains consistent with our first fund – helping capital-efficient B2B technology entrepreneurs in North America and Western Europe scale and reach their…
