Private equity firm, Rubicon Technology Partners, has announced the successful closing of its latest fund, Rubicon Technology Partners IV, at approximately $1.7 billion, representing a 34% increase in size from its predecessor fund. Fund IV received strong support from a range of leading global institutions, including public and private pension funds, consultants, foundations, endowments, and family offices. Rubicon will continue to implement its investment strategy of partnering with founders and management teams to build market-leading enterprise software companies. The firm has completed 66 total transactions since its establishment in 2012, including 19 platform investments and 47 add-on acquisitions.
Rubicon typically invests between $50 million to $350 million in businesses with $15 million to $75 million of annual recurring revenue, aiming to enhance operational efficiency and accelerate growth. Fund IV has already made two platform investments: Aline, which combines three software vendors in the Senior Living industry to create a market leader, and Tacton, the leading provider of Configure, Price, Quote (CPQ) software for manufacturers of complex configurable products. Rubicon expressed gratitude for the strong support from investors and believes their conviction in the enterprise software market will continue to position them as a partner of choice.
Rubicon Technology Partners was advised by PJT Park Hill as a placement agent, with Simpson Thacher & Bartlett LLP serving as legal counsel to the fund and Rubicon. The firm has over $3.8 billion in assets under management and is headquartered in Boulder, CO, with additional offices in Palo Alto, CA, and New Haven, CT.
In summary, Rubicon Technology Partners has closed its latest fund at $1.7 billion, experiencing a significant increase in size from its previous fund. The firm received support from various leading global institutions and plans to continue its investment strategy of partnering with management teams to build market-leading enterprise software companies. Rubicon has a successful track record of completed transactions and aims to enhance operational efficiency and drive growth in its investments.
