Long Ridge Equity Partners closes fund at $730m

New York-based Long Ridge Equity Partners announced Monday that it has closed its fund, named fund IV, at $730m. The fund will target majority and minority investments in high-growth financial and business technology firms, the firm wrote. 

“After three months of fundraising, the oversubscribed fund held a single close at its hard cap of $650 million of Limited Partner commitments plus an additional $80 million of commitments from the General Partner and the firm’s network of executives and advisors,” Jim Brown, Long Ridge Equity Partners managing partner wrote on Linkedin.  

Contributions to Fund IV included endowments, foundations, assets managers, family officers, and wealth managers, among other parties. Long Ridge Equity Partners said that all investors in its III fund returned as investors in the round announced yesterday. 

Since its founding in 2007, Long Ridge Equity Partners has operated as a private investment firm that largely focuses on financial subsectors such as financial technology and business services in wealth management.  To date, the New York-based firm manages over $1.75bn of committed capital

“We are grateful for the support and contributions of new and existing investors, portfolio executives, advisors, and our team,” Brown said, “looking forward to the next chapter in Long Ridge's journey in supporting world-class entrepreneurs and companies.”