Vertica Capital Partners has closed $205 million for its debut fund. The fund’s limited partners include software entrepreneurs, university endowments, charitable foundations, family offices, pension funds, funds of funds, and other financial institutions. Cooley LLP provided legal counsel to Vertica.
NEW YORK, March 3, 2020 /PRNewswire/ — Vertica Capital Partners announced the closing of its $205 million inaugural fund, Vertica Capital Partners I, LP, which was significantly oversubscribed. Vertica has partnered with leading software entrepreneurs who built high growth companies, including FareHarbor, Splunk, and Thycotic, to accelerate the growth of software companies globally. The fund’s Limited Partners include a broad base of software entrepreneurs, university endowments, charitable foundations, family offices, pension funds, funds of funds, and other financial institutions.
“Vertica Capital Partners is a firm built to serve the needs of capital-efficient software businesses,” said co-founder Vitaly Vorobeychik. “We are fortunate to be partnered with great founders who have driven marketing-leading growth across a variety of end-markets and sales models in software. In addition, we are grateful to our institutional limited partners for their trust and support.”
“Our team comes with the experience of investing in over 60 software companies,” said co-founder Philip Vorobeychik. “Our focus is working with software entrepreneurs who have go-to-market opportunities in areas we have deep experience in, so we can be confident in helping them accelerate growth. Our network of operators has driven up to 5x the sales and marketing returns of direct competitors. We’re fortunate to have learned from – and to be supported by – some of the most innovative founders in the software industry today.”
Vertica Capital Partners also announced Stephen Hoey as the fund’s Chief Financial Officer. Stephen was most recently a Partner and Chief Financial Officer of KPS Management, a private equity firm with $11.5 billion under management. Previously, he held positions with General Atlantic, Soros Private Equity, and Stonington Partners.
Cooley LLP provided legal counsel to Vertica.
About Vertica Capital Partners
Vertica Capital Partners (www.verticacp.com) is a growth-focused private-equity investor established by industry veterans, Vitaly Vorobeychik and Philip Vorobeychik, alongside leading software entrepreneurs. Prior to Vertica, Vitaly Vorobeychik oversaw software investments at Meritage Group, a $10 billion fund. Philip Vorobeychik is a former board member at Kaseya, Thycotic, Tricentis, N2W, Spanning, Cloud Apps, Resolve Systems, QASymphony, LiveAction, FireMon, CloudBolt, CoreView, and Devo. Vertica Capital Partners is based in New York.