FTV Capital Looks to Raise $500 Mln For Fourth Fund


FTV Capital is out fundraising for its latest fund, according to an Oct. 23 regulatory filing.

The growth equity shop is looking to collect $500 million for its fourth fund, the filing says. Such a pool would be roughly the same size as FTV Capital’s last one, which collected $512 million in 2008. That fund is nearly all invested, a source says.

M20 Private Fund Advisors, of White Plains, NY, is listed as the placement agent for FTV IV LP, the filing says.

FTV Capital, which has offices in both San Francisco and New York, was founded in 1998. It was originally known as FTVentures and changed its name in 2008 to FTV Capital. The firm focuses on business services, financial services, payments and transaction processing, as well as technology. Investments can range from $10 million to $75 million, according to the firm’s web site.

In September, Wright Express said it would buy Fleet One from LLR Partners and FTV Capital in a $369 million deal. FTV Capital led a $15 million Series C round for Shoutlet in June and, in May, led a $50 million round for Utopia.

Officials for FTV Capital couldn’t be reached for comment.

Photo courtesy of Shutterstock

Fundraising? Then you don’t want to miss EMERGING MANAGER CONNECT in NYC on Jan. 24. This event is packed with 100+ LPs managing more than $45 billion devoted to emerging managers combined. Details are here: http://bit.ly/2ed5fcM

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