BOULDER – Delta-v Capital, a private-equity firm with offices in Boulder and Dallas, said on Wednesday it has closed its third fund after raising $232 million.
The fund, called Delta-v III, is a combination of the firm’s main fund, Delta-v Capital 2015, and a co-investment fund, Delta-v Capital 2015 Access Fund LP.
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The Delta-v III fund will be used to invest in private growth-stage technology companies and their shareholders through secondary direct and growth-equity investments, the company said in a prepared statement.
The firm typically seeks investments between $2 million and $30 million in tech companies with key sectors including enterprise software, information services, cybersecurity, data analytics, cloud and communications infrastructure.
“The closing of Delta-v III marks a new trajectory for Delta-v; we are humbled by the trust shown to us by our investors, and we look forward to creating unique opportunities to profitably invest their capital,” said Delta-v co-founder Dave Schaller, who maintains his office in Dallas. Delta-v co-founder Rand Lewis, located in Boulder, said, “The flexibility embedded in our approach as a primary and secondary
liquidity provider allows us to partner with leading companies and management teams in the technology market.”
Founded in 2009, Delta-v Capital has invested in more than 20 companies, including Boulder-based firms LogRhythm Inc. and Zayo Group Holdings Inc. (NYSE: ZAYO), which became a publicly traded company in 2014.