San Francisco-based Carrick Capital has closed its first fund with $180 million. The firm will focus on investments in technology-enabled service offerings, business process outsourcing, transaction processing, software as a service and enterprise software, it said in a press release. Carrick Capital was co-founded by Marc McMorris, a former General Atlantic managing director, and Jim Madden, the previous founder and chief executive of Exult Inc.
Carrick Capital Partners, LLC today announced the final close of its first fund with $180 million. The fund will invest in companies that focus on technology-enabled service offerings, business process outsourcing, transaction processing, software as a service and enterprise software.
Carrick Capital Partners was co-founded by Marc McMorris, a former General Atlantic managing director who led investments in business services and software, and Jim Madden, the previous founder and chief executive of Exult Inc., a human resources business processing company that he grew from concept to more than $500 million in revenues. Carrick takes an operational approach to growth equity investing, bringing to bear a distinctive combination of operational and investment expertise to help entrepreneurs and management successfully scale their businesses.
“Carrick Capital Partners seeks to invest in companies that possess the right fundamentals to significantly grow their operations,” explained Jim Madden. “We will leverage our experience building and actively investing in fast growing businesses to work closely with CEOs and founders,” he added.
“We are very pleased by the response to this fund. It underscores the market’s appreciation of our investment strategy and approach – helping good companies scale and achieve even greater success,” asserted Marc McMorris.
About Carrick Capital Partners
Founded in San Francisco in 2012, Carrick Capital Partners is a private equity firm that utilizes a unique process – ABV (Approach to Building Value). Expert in leveraging opportunities and navigating challenges inherent to operationally scaling a fast growing business, Carrick works with select companies in specific markets. By taking a concentrated approach and dedicating significant resources post-investment, Carrick adds tremendous value; scaling great companies that deliver significant returns for investors, stimulating economic growth and positively impacting the industry landscape. Working directly with CEOs and entrepreneurs, Carrick fulfills a vital need for investment and growth expertise.