Serent Capital Raises Oversubscribed $1.3 Billion Fund VI to Partner with Founder-Led Software and Technology-Enabled Services Companies
Largest fund in the Firm's history reinforces Serent's long-term commitment to partnering with Founder-led software and technology-enabled services businesses
Serent Capital, a private equity firm focused on investing in bootstrapped, Founder-led software and technology-enabled services companies, today announced the successful closing of Serent Capital VI, L.P. with $1.3 billion in investor commitments. Fund VI represents the largest fundraise in the Firm's history and was significantly oversubscribed, bringing the total capital commitments raised by the firm to more than $5 billion.
"The successful close of Fund VI allows us to continue executing on our long-standing goal of partnering with exceptional Founders and help them build enduring businesses," said Lance Fenton, Partner at Serent Capital. "We are grateful for the confidence our investors have placed in us. Their support strengthens our ability to provide Founders with a long-term partner, deep operational resources, and the flexibility to invest behind ambitious growth initiatives."
Existing investors powered the fundraise, with the fund being more than 2x over-subscribed from just that group. Serent also invited in a small handful of new investors, who continue to add to its platinum investor base. All told, Serent completed a single close of the fund in less than 90 days from the launch of fundraising. That support reflects the consistency of Serent's strategy and long-term approach to partnership.
