Delta-v Capital said May 11 that its third fund closed with $232 million in commitments. Delta-v Capital 2015 Access Fund LP surpassed its $150 million target. The fund will invest in the technology sector. Sixpoint Partners was the placement agent.
New York, May 11, 2017 – Sixpoint Partners, a leading global investment bank serving the middle market, today announced the successful closing of Delta-v Capital 2015, LP, with $232 million raised through limited partner capital commitments and its co-invested fund, Delta-v Capital 2015 Access Fund, LP (collectively, the “Fund” or “Fund III”). Delta-v Capital (“Delta-v”) closed the Fund in excess of its $150 million target, receiving commitments from a number of top-tier investors, including public pensions, asset managers, family offices and corporate pensions.
Fund III’s strategy is to use Delta-v’s capital and experience to offer liquidity solutions and growth equity to enable private technology companies to realize a higher trajectory of growth and success. The firm typically invests in companies with a minimum of 20% growth and its secondary approach allows it to buy in at a 20-30% discount to fair market value. Delta-v, led by Rand Lewis and David Schaller, will seek to invest between $2 million and $20+ million per single asset transaction across a broad set of technology sectors in the United States.
The success of this fundraise speaks to investors’ continued demand in growth strategies and the directs marketplace. Fund III was Sixpoint’s second unique secondary fundraise over the past two years and demonstrates its continued effort to show its investors unique products in this competitive environment.
“Delta-v’s leadership team brings together two exceptionally experienced private technology investors in Dave and Rand, who have worked through the many evolutions of the technology market over the last twenty years,” said Eric Zoller, Founder and Partner of Sixpoint Partners. “The Fund is another example of the innovative private equity strategies Sixpoint delivers to our LPs.”
“By leveraging its vast network of both venture capitalists and private equity investors, Delta-v is well-positioned to source high quality transactions, execute on its investment strategy and deliver strong returns to its LPs. We look forward to continuing our partnership with the team into the future,” added Larry Smith, Partner of Sixpoint Partners.
About Sixpoint Partners
Sixpoint Partners is a leading global investment bank focused on a diversified set of services and solutions for the middle-market private equity industry. The firm’s core areas of focus include (i) primary fund placement, (ii) secondaries advisory and (iii) co-investment placement across a wide range of industries, strategies and geographies. Sixpoint Partners has a reputation for its direct, results-driven style and for delivering innovative solutions to complex problems in order to create long-term value for clients. Sixpoint is headquartered in New York with offices in Chicago, San Francisco and Hong Kong. For more information, please visit http://www.sixpointpartners.com/.
Sixpoint Partners, LLC, is a registered broker/dealer, member FINRA (http://www.finra.org) and SIPC (http://www.sipc.org). Sixpoint Partners Asia Limited is licensed by the Securities and Futures Commission (http://www.sfc.hk).