Motive Partners, a private equity firm focused on financial technology, has raised $2.54bn for its second flagship fund dubbed Motive Capital Fund 2 and its affiliated co-investment vehicles.
Motive Capital Fund 2 will focus on making investments in growth and buyouts in software, investment and information services businesses across North America and Europe.
The fund has partnerships in place with ten companies that include InvestCloud, Wilshire, Trumid, Insurify, CAIS, Motive Capital Corp II, FNZ, BetaNXT, Forge Global, and Backbase.
Motive Partners secured commitments to its second flagship fund from a group of investors, who are geographically diverse. These included sovereign wealth funds, public and private pensions, financial institutions, foundations, family offices, institutional fund managers, as well as high net worth individuals.
The private equity firm said that existing investors from its inaugural fund were joined by a noteworthy group of new investors.
Motive Partners founder and managing partner Rob Heyvaert said: “We are deeply grateful for the support from our existing investors and are delighted to welcome a roster of new partners to the Motive family – thank you for your trust.
“We will continue to be laser-focused on partnering transformational capital with world-class management teams.”
The private equity firm said that during the fundraising period of its second flagship fund, it continued investing behind its integrated approach. Its team is said to include more than 180 investors, innovators, and operators.
Motive Partners founding partner and investor relations head Bob Brown said: “We greatly appreciate the support of such an esteemed and diverse group of investors, and we take seriously the responsibility that our investors have bestowed upon us.
“We continue to invest into our distinct operating capabilities, allowing us to identify attractive investment opportunities and support our portfolio companies in the next stage of their growth.”