EAM Closes $575M Fund, Fueling Push Into Enterprise Software

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A Boston Firm With a Growing Portfolio

Software and Technology at the Core

Headquartered in Boston, Equality Asset Management invests in growth-stage software and technology companies. According to the firm’s website, its portfolio includes:

  • Advanced GRC, which provides licensing, compliance and case management tools for the public sector

  • Connectbase, a software and data platform serving the communications infrastructure industry

  • Miva, an e-commerce infrastructure provider for retailers, distributors and wholesalers

  • Risk Control Technologies, which develops loss control software for the insurance sector

These holdings illustrate the firm’s emphasis on specialized software platforms embedded deeply within their industries.

Broad Backing From Institutional Investors

The latest fund attracted support from both new and existing institutional investors, with a diverse base that includes asset managers, insurance companies, family offices, university endowments, consultants, public and private pension funds and charitable organizations. The firm described its backers as “prominent institutions.”

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“This is an exciting milestone for our firm and one we approach with both gratitude and a strong sense of responsibility,” said Jeff Del Papa, EAM co-founder and managing partner. He credited investors, employees and portfolio companies for their role in reaching the finish line, and said the firm is now focused on disciplined execution and value creation.