Private equity newcomer Resurgens Technology Partners has beaten the target for its debut fund to reach a $200m final close for the vehicle.
The Atlanta-based investment house focuses its investment strategy on ‘micro-tech’ buyouts, targeting niche-focused, profitable enterprise technology companies.
Resurgens made its first investment in 2017 with the acquisition of Investment Metrics, a market leader in the institutional investment performance analytics and reporting segment.
The firm later acquired InvestorForce from MSCI and combined the two companies.
Resurgens was launched by former HIG senior execs Fred Sturgis and John Baumstark and former Accel-KKR investor Adi Filipovic.
Sturgis was a managing director and the head of the small-buyout practice group at Accel-KKR, where he worked with Filipovic, and he previously worked closely with Sturgis on new investments and development of portfolio companies at HIG.
Sturgis said, “In addition to the opportunity to work together as a team to launch Resurgens, what really excites us is the chance to fill a gap in the lower end of the tech buyout market”, noting that most tech private equity firms of Resurgens’ size are either primarily focused on minority growth investments or lack deep operational and control investment experience.
“We are big believers that steadily growing niche enterprise technology businesses can realize substantial benefits from the operational improvements we are delivering to our portfolio companies,” he added.
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