PSG Closes Two Funds Totaling $8 Billion
PSG, a growth equity firm focused on software and technology-enabled services, has announced the closure of two funds totaling $8 billion in capital commitments. The firm's sixth North American flagship fund, PSG VI, closed at $6 billion, exceeding its predecessor fund of $4.7 billion. Additionally, PSG closed a $2 billion continuation fund, PSG Sequel, backed by major institutional investors including CPP Investments, GIC, StepStone, and Hamilton Lane.
PSG Sequel will maintain stakes in six portfolio companies: Arcoro, LivTech, Nextlane, Semarchy, Singlewire Software, and Transit Technologies. The firm, founded in 2014, has grown to manage over $28 billion in assets, with 269 professionals including 160 investment professionals. PSG has executed 75 realization events and expanded globally with offices in Boston, London, Kansas City, Paris, Madrid, and Tel Aviv. The firm has invested in 19 AI-driven companies and continues to leverage AI across its portfolio.
PSG, una società di private equity focalizzata su software e servizi abilitati dalla tecnologia, ha annunciato la chiusura di due fondi per un totale di 8 miliardi di dollari in impegni di capitale. Il sesto fondo principale nordamericano della società, PSG VI, ha chiuso a 6 miliardi di dollari, superando il fondo precedente di 4,7 miliardi di dollari. Inoltre, PSG ha chiuso un fondo di continuazione da 2 miliardi di dollari, PSG Sequel, sostenuto da importanti investitori istituzionali tra cui CPP Investments, GIC, StepStone e Hamilton Lane.
PSG Sequel manterrà partecipazioni in sei aziende del portafoglio: Arcoro, LivTech, Nextlane, Semarchy, Singlewire Software e Transit Technologies. Fondata nel 2014, la società è cresciuta fino a gestire oltre 28 miliardi di dollari in attivi, con 269 professionisti, inclusi 160 professionisti degli investimenti. PSG ha realizzato 75 eventi di realizzazione e si è espansa a livello globale con uffici a Boston, Londra, Kansas City, Parigi, Madrid e Tel Aviv. La società ha investito in 19 aziende guidate dall'IA e continua a sfruttare l'IA nel suo portafoglio.
PSG, una firma de capital de crecimiento centrada en software y servicios habilitados por tecnología, ha anunciado el cierre de dos fondos que totalizan 8 mil millones de dólares en compromisos de capital. El sexto fondo insignia de América del Norte de la firma, PSG VI, cerró en 6 mil millones de dólares, superando su fondo anterior de 4.7 mil millones de dólares. Además, PSG cerró un fondo de continuación de 2 mil millones de dólares, PSG Sequel, respaldado por importantes inversores institucionales, incluidos CPP Investments, GIC, StepStone y Hamilton Lane.
PSG Sequel mantendrá participaciones en seis empresas de su cartera: Arcoro, LivTech, Nextlane, Semarchy, Singlewire Software y Transit Technologies. Fundada en 2014, la firma ha crecido hasta gestionar más de 28 mil millones de dólares en activos, con 269 profesionales, incluidos 160 profesionales de inversiones. PSG ha ejecutado 75 eventos de realización y se ha expandido globalmente con oficinas en Boston, Londres, Kansas City, París, Madrid y Tel Aviv. La firma ha invertido en 19 empresas impulsadas por IA y continúa aprovechando la IA en su cartera.
PSG는 소프트웨어 및 기술 지원 서비스에 중점을 둔 성장형 사모펀드 회사로, 총 80억 달러의 자본 약정을 가진 두 개의 펀드 마감을 발표했습니다. 이 회사의 여섯 번째 북미 플래그십 펀드인 PSG VI는 60억 달러에 마감되어 이전 펀드인 47억 달러를 초과했습니다. 또한 PSG는 주요 기관 투자자들인 CPP Investments, GIC, StepStone 및 Hamilton Lane의 지원을 받아 20억 달러의 지속 펀드인 PSG Sequel을 마감했습니다.
PSG Sequel은 Arcoro, LivTech, Nextlane, Semarchy, Singlewire Software 및 Transit Technologies의 여섯 개 포트폴리오 회사의 지분을 유지합니다. 2014년에 설립된 이 회사는 269명의 전문가를 포함해 160명의 투자 전문가와 함께 280억 달러 이상의 자산을 관리하는 것으로 성장했습니다. PSG는 75개의 실현 이벤트를 수행했으며 보스턴, 런던, 캔자스시티, 파리, 마드리드 및 텔아비브에 사무소를 두고 글로벌하게 확장했습니다. 이 회사는 19개의 AI 기반 회사에 투자했으며 포트폴리오 전반에 걸쳐 AI를 활용하고 있습니다.
PSG, une société de capital-investissement axée sur les logiciels et les services habilités par la technologie, a annoncé la clôture de deux fonds totalisant 8 milliards de dollars d'engagements de capital. Le sixième fonds phare nord-américain de la société, PSG VI, a été clôturé à 6 milliards de dollars, dépassant son fonds précédent de 4,7 milliards de dollars. De plus, PSG a clôturé un fonds de continuation de 2 milliards de dollars, PSG Sequel, soutenu par de grands investisseurs institutionnels tels que CPP Investments, GIC, StepStone et Hamilton Lane.
PSG Sequel maintiendra des participations dans six entreprises de son portefeuille : Arcoro, LivTech, Nextlane, Semarchy, Singlewire Software et Transit Technologies. Fondée en 2014, la société a réussi à gérer plus de 28 milliards de dollars d'actifs, avec 269 professionnels, dont 160 professionnels de l'investissement. PSG a réalisé 75 événements de réalisation et s'est étendue à l'international avec des bureaux à Boston, Londres, Kansas City, Paris, Madrid et Tel Aviv. La société a investi dans 19 entreprises axées sur l'IA et continue d'exploiter l'IA dans son portefeuille.
PSG, eine Wachstums-Equity-Firma, die sich auf Software und technologiegestützte Dienstleistungen konzentriert, hat den Abschluss von zwei Fonds mit einem Gesamtvolumen von 8 Milliarden Dollar an Kapitalverpflichtungen bekannt gegeben. Der sechste nordamerikanische Flaggschifffonds der Firma, PSG VI, schloss mit 6 Milliarden Dollar und übertraf damit den Vorgängerfonds von 4,7 Milliarden Dollar. Darüber hinaus schloss PSG einen 2 Milliarden Dollar großen Fortsetzungsfonds, PSG Sequel, der von großen institutionellen Investoren wie CPP Investments, GIC, StepStone und Hamilton Lane unterstützt wird.
PSG Sequel wird Anteile an sechs Portfoliounternehmen halten: Arcoro, LivTech, Nextlane, Semarchy, Singlewire Software und Transit Technologies. Das 2014 gegründete Unternehmen ist auf über 28 Milliarden Dollar an verwalteten Vermögenswerten gewachsen und beschäftigt 269 Fachkräfte, darunter 160 Investment-Profis. PSG hat 75 Realisierungsereignisse durchgeführt und sich global mit Büros in Boston, London, Kansas City, Paris, Madrid und Tel Aviv erweitert. Das Unternehmen hat in 19 KI-gesteuerte Unternehmen investiert und nutzt weiterhin KI in seinem Portfolio.
- Raised $8 billion across two new funds, with PSG VI exceeding predecessor fund size
- Manages over $28 billion in assets under management
- Executed 75 realization events since 2014
- Strong institutional investor backing from major pension funds and sovereign wealth funds
- Portfolio includes 19 AI-driven companies
- None.
Insights
StepStone's participation in PSG's
The continuation fund structure is particularly noteworthy as it provides exposure to six established software companies with proven growth trajectories. PSG's track record of 75 realization events and growth to
PSG's focus on AI-driven businesses (19 investments to date) and their proprietary AI-powered sourcing engine aligns well with current market trends. This technological edge in deal sourcing and value creation could provide StepStone's investors with exposure to high-growth opportunities in the software sector, particularly in the artificial intelligence space where valuations and growth potential remain attractive despite market volatility.
The structure of the continuation fund offers an additional advantage: it provides StepStone with exposure to mature, cash-generating software businesses while maintaining upside potential through continued growth initiatives. This balanced approach to risk and reward could prove valuable in the current market environment where both stability and growth potential are highly prized.
Sixth North American Flagship Fund Closes at
Continuation Fund, PSG Sequel, Closes at
PSG’s sixth North American flagship fund, PSG VI, closed with
In addition, PSG closed a continuation fund, PSG Sequel, with
With a team of 269 professionals, including 160 investment professionals, and complemented by a group of 39 Senior Advisors, PSG makes majority and minority investments in growth-stage software and technology-enabled services companies. Since its founding in 2014, PSG has executed 75 realization events and grown to over
“We’re eager to put PSG VI to use. As our team tracks the progress of over 600,000 companies through our proprietary AI-powered sourcing engine, we’re excited about what we are seeing in the next generation of software companies, particularly in AI, that are transforming markets and creating new ones,” said Mark Hastings, Co-Founder and CEO of PSG. “Through PSG Sequel, we’re able to extend our partnerships with some of our portfolio companies that we believe have vibrant chapters of growth ahead. We’re thrilled to be able to continue to support them as they scale to the next level and provide our existing investors with an opportunity to participate.”
“We have always described our investment strategy as ‘small software at scale,’ which refers to our commitment to our sweet spot, investing in growth-stage software businesses, even as our fund sizes increase,” said Peter Wilde, Co-Founder and Chairman of PSG. “We’re grateful for the support of new and longstanding investors as we continue to apply our expertise in a market where our team thrives and sees tremendous opportunity to create value.”
Throughout its history, PSG has invested in 19 companies that have AI-driven business models. In addition, the firm continuously partners with its portfolio companies to help them identify ways to leverage AI to create value.
About PSG
PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed over 150 companies and facilitated over 500 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in
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Media
Jackie Ryan
pro-psg@prosek.com
Source: PSG
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