Frontier Capital Closes $390 Million Growth Equity Fund

Mar 3 2015 | 9:52am ET

Frontier Capital announced the final closing of Frontier Fund IV, a $390 million growth equity fund investing in lower middle market software and technology-enabled business services companies.

The fund exceeded its $300 million target and represents the third consecutive oversubscribed fund raised by Frontier.

“We are pleased to announce the final close of Fund IV,” said Richard Maclean, managing partner, Frontier. “We are grateful to our existing investors, who represented two-thirds of our commitments, for their continued support and confidence.”

Frontier investes in high-growth software and services companies with $5 million to $30 million of revenue. 

With Fund IV, the firm has the ability to invest $10 million to $40 million in minority and majority ownership positions. Targeted industries include B2B SaaS, Health and Benefits Solutions, Human Capital Management Software and Services, Managed-IT Infrastructure and Technology-Enabled Services.

“Fund IV represents an exciting new chapter in the growth of our firm,” said Andrew Lindner, managing partner, Frontier. “It allows Frontier to build upon our reputation as a premiere partner for lower middle market growth companies seeking the playbook and capital required to achieve their next phase of growth.”


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...