Equality Asset Management has sealed a major milestone, announcing Wednesday that it has successfully raised $575 million for its second private equity vehicle — a fundraise that landed like a bell at the closing of a trading day. The firm was advised by Ropes & Gray LLP on the effort.
The fund, named EAM Private Equity Partners II LP, was oversubscribed and surpassed its hard cap, signaling strong demand from investors eager to back the firm’s strategy, according to a statement released Wednesday.
Targeting Category-Leading Software Companies
Under the plan, the new fund will be deployed into “category-leading” enterprise software businesses, continuing EAM’s focus on growth-oriented, founder-led companies operating at the backbone of the digital economy.
“We founded EAM with a vision to build a high-performing private equity firm focused on founder-led software businesses,” said Tom Roberts, EAM co-founder and managing partner. He thanked both returning and first-time investors, adding that the firm intends to earn their confidence through close partnership with portfolio executives and limited partners.
