FTV Management Company, L.P.
  • News
  • Insights
  • Company
  • Growing Companies
    • Overview
    • FTV Propel
  • Global Partner Network®
    • Overview
    • Strategic Advisory Board
  • Team
  • Portfolio
Investor Portal
Port Co Hub

Search

FTV Press Releases

FTVentures Raises $512 Million Growth Capital Fund

04.15.2008
Share this...
  • Linkedin
  • Twitter
  • Facebook
  • email

Largest fund to date reflects appeal of firm’s differentiated model featuring Global Partner Network

SAN FRANCISCO, CA and NEW YORK, NY – April 15, 2008 – FTVentures today announced the closing of its third and largest fund to date, FTV III, at $512 million. FTVentures will continue its strategy of investing in software and business services companies that derive value from the firm’s unmatched Global Partner Network, which includes the world’s leading financial institutions. Founded in 1998, FTVentures has over $1 billion in committed capital and has offices in San Francisco and New York.

“We greatly appreciate the continued support of our core strategic limited partners,” said Richard Garman, FTVentures Managing Partner. “We are also delighted to have new, highly respected institutions acknowledge our track record and unique model by joining our institutional limited partner group. The addition of traditional investors and new strategic investors to our existing investor network will allow us to continue to deploy our proven model with more diversified sources of capital.”

Consistent with the investment strategy of its previous funds, FTV III will typically invest $10 million to $60 million in software and services companies seeking to finance organic expansion, recapitalizations, build-ups, and buyouts. The firm’s portfolio companies target the financial services industry as a key customer vertical and leverage FTVentures extensive Global Partner Network in developing commercial relationships.

New limited partners from the financial services industry include Liberty Mutual, Skandia Insurance, Nordea, PartnerRe, Capital One, Fannie Mae and Barclays Global Investors. New traditional limited partners include New York City Retirement Systems, RHM Group, New York State Common Retirement Fund and Kamehameha Schools.

FTVentures is known for the strength of its financial services industry network which includes the following limited partner institutions from the financial industry: AIG, AXA, Bank of America, Barclays Global Investors, BNP Paribas, Capital One, Charles Schwab, CIBC, Citigroup, Comerica, Credit Suisse, DBS, Deutsche Bank, Fannie Mae, Fidelity National Financial, Fifth Third Bank, First Republic Bank, Freddie Mac, GE Capital, Goldman Sachs Asset Management, The Hartford, HSBC, ING, JPMorgan Chase, KeyCorp, Lehman Brothers, Liberty Mutual, Lloyds TSB, Morningstar, National City, Nomura, Nordea, PartnerRe, People’s United Bank, PNC Bank, RBC Royal Bank, Sallie Mae, SEB, Skandia Insurance, Standard Chartered, Travelers, SunTrust, SVB Financial Group, USBancorp, Visa, Wachovia, Washington Mutual, Wells Fargo and Zions Bancorporation.

FTVentures previous successes include Actimize (acquired by NICE Systems), Corillian (IPO/acquired by Checkfree), ExlService (NASDAQ: EXLS), KVS (acquired by VERITAS), PowerShares Capital Management (acquired by AMVESCAP), and Verus (acquired by The Sage Group).

Current FTVentures portfolio companies include Aveksa, Cloudmark, Coremetrics, Covario, Financial Engines, GigaSpaces, GMI, Managed Objects, Rezolve Group, Capital H Group, CMS Holdings Group, Daylight Forensic & Advisory, ETF Securities, Freeborders, Intrepid Learning Solutions, Mavent, MedSynergies, Presidio Reinsurance Group, and ProfitLine.

The FTVentures partners are: Brad Bernstein, Eric Byunn, Ben Cukier, Richard Garman, Jim Hale, David Haynes, Bob Huret, Derek Lemke-von Ammon and Chris Winship.

Contacts

Karen Derr Gilbert
(415) 229-3000
kgilbert@ftventures.com

Recent News

dataart
FTV Press Releases

DataArt Secures $75 Million Growth Investment from FTV Capital to Further Expand Global Reach

06.29.2022
Zoovu-logo
FTV Press Releases

Zoovu Secures $169 Million Series C Led by FTV Capital to Deliver Data-driven Product Discovery Experiences for E-commerce

06.15.2022
FTV_L_h_w_RGB
FTV Press Releases

Kapil Venkatachalam Joins FTV Capital as Partner

05.18.2022

Keep Up-To-Date on the Latest FTV News

  • This field is for validation purposes and should be left unchanged.

SAN FRANCISCO

601 California Street, Floor 19
San Francisco, CA 94108

415.229.3000


CONNECTICUT

10 Titus Road, Suite 5B
Washington Depot, CT 06794

NEW YORK

535 Madison Avenue, Floor 32
New York, NY 10022

212.682.4800

CONTACT

General: Info@ftvcapital.com
Media: PR@ftvcapital.com

  • LinkedIn
  • Twitter
Investor Portal
Port Co Hub

© 2022 FTV Management Company, L.P.
All rights reserved.

  • Privacy & Cookie Policy

  • Keep Up-To-Date on the Latest FTV News

  • This field is for validation purposes and should be left unchanged.
Our website uses cookies that are essential for the website to work. By using the website and continuing to navigate, you consent to the placement of these cookies. Read our PRIVACY POLICY to learn more.
ACCEPT
Select Cookies
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT