FTV Capital Marks 20 Years of Lasting Strategy and Value Creation
San Francisco, CA and New York, NY – FTV Capital, a sector-focused growth equity investment firm, marked the 20th anniversary of its founding and first fund, as the firm completed its most productive year of investment deployment in its history, backing nine new companies with over $450 million of growth capital. Since 1998, FTV Capital has delivered a consistent track record of strong performance and market-leading programs to drive growth and value creation across its portfolio of innovative companies in enterprise technology & services, financial services and payments & transaction processing.
FTV Capital’s ability to successfully deploy capital into market leading companies in its target sectors can be attributed to its proprietary, proactive sourcing methodology and its value proposition for entrepreneurs. FTV Capital portfolio company CEOs note that FTV was the most compelling capital partner because of the firm’s 20-year proven track record of helping great companies scale, deep domain expertise, flexibility and transaction customization and value beyond capital featuring access to FTV’s Global Partner Network® for commercial opportunity acceleration.
FTV’s ongoing success was underscored by both existing and new investors during the fundraising of its fifth fund, which was oversubscribed and closed at its hard cap in late 2016. The firm’s institutional limited partner base has grown and diversified across geography, size and type, including public and corporate pensions, superannuation funds, insurance companies, family offices, foundations and endowments.
Other key milestones include:
- $2.7 billion raised across five growth equity funds
- 107 portfolio company investments since inception
- $14 billion in enterprise value created to date
- 50%+ 3-year compounded annual growth rate for companies in FTV’s most recent fund
- #5 ranking on Institutional Investor’s Fintech Finance 40 in 2018
- Over 4,000 commercial introductions between portfolio companies and the enterprises in FTV’s Global Partner Network
“Using the financial services industry as a lens into the pain points and opportunities for enterprises worldwide has allowed FTV to excel in complex, high-growth markets where the firm’s deep domain expertise and Global Partner Network can help further accelerate growth,” said Brad Bernstein, FTV Capital managing partner. “Our proven approach had enabled us to consistently deliver strong returns to our limited partners who have been tremendous supporters of FTV over the years.”
“As extensive as our network has become over the past 20 years, our limited partners remain a bedrock foundation of our mutual success,” said Richard Garman, FTV Capital managing partner. “Far beyond their capital commitments, our trusted limited partners have shared important insight and wisdom as FTV has grown over two decades, for which we are all truly grateful.”
About FTV Capital
FTV Capital is a growth equity investment firm that has raised over $2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services and payments & transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in 107 portfolio companies. Notable exits include: CardConnect (acquired by First Data in 2017), CashStar (acquired by Blackhawk Network in 2017), Financial Engines (IPO in 2010, acquired by Hellman & Friedman in 2018), Globant (IPO in 2014, NYSE: GLOB), MarketShare (acquired by Neustar in 2015), MedSynergies (acquired by Optum/UnitedHealthcare in 2014), Mu Sigma (sold to shareholders 2012), PowerShares (acquired by Invesco in 2006), Trustwave (acquired by Singapore Telecom in 2015) and WePay (acquired by JP Morgan Chase in 2017). FTV has offices in San Francisco and New York. For more information, visit ftvcapital.com.
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