Bracket Capital, a global multi-asset investment manager focused on growth and later-stage, technology-enabled companies, closed its second fund, Bracket Capital Fund II, LP, at $150m.
The firm raised an additional $300m in co-investment vehicles to invest alongside Fund II for a total of at least $450m in equity to deploy.
Led by Managing Partners Yalda Aoukar and Jihan Bowes-Little, Bracket received support from 100% of its Fund I investor base and welcomed new investors comprised of investment management firms, their owners, as well as international and domestic family offices and global institutions.
Consistent with the firm’s investment strategy for Fund I, Fund II will invest in private companies through primary funding rounds and secondary market purchases from employees and early investors at these businesses seeking liquidity.
Fund II is already being deployed across a diverse set of high-growth companies.
Bracket Capital’s inaugural funds, which launched in 2017, invested approximately $200m in equity capital, including co-investment vehicles. Notable investments include: SpaceX, Airbnb, Clover Health, Palantir, Coinbase, SoFi, eToro, Reddit, Impossible Foods, Bird, Clutter, and Hive.AI, among others.
Bracket also manages the Bracket Foundation, the firm’s venture philanthropy arm which is currently engaged with the United Nations on multi-year project to combat online sexual abuse of children using artificial intelligence.
FinSMEs
27/01/2020