Sunstone Partners, a San Mateo, CA-based growth equity firm, closed its second fund, at $475m.
Sunstone Partners II’s investors include university endowments, corporate pension plans, foundations, insurance companies, investment advisors, state and local retirement systems and family offices.
The firm seeks to invest $25 to $75m of equity per portfolio company in founder-owned software and technology-enabled services companies having annual revenue of at least $10 million, often as their first institutional capital partner focusing on four core industry sectors:
- Cloud,
- Cybersecurity,
- Healthcare IT, and
- Marketing Services.
Since its founding in 2015, the firm has grown to a team of 20 investment professionals, operating executives and administrative personnel. It is led by Managing Directors Gustavo Alberelli, Mike Biggee, and Arneek Multani.
The firm’s Fund I and Fund II together have nearly $800 million of committed capital.
FinSMEs
16/10/2019