Cohere Capital Announces Closing of Fund II and Partnership with TPG
Funding | Jan 16, 2025 | TPG
Cohere Capital Partners, a private equity firm based in Boston, has successfully closed its second fund, Cohere Capital Fund II, raising over $215 million. This fund is aimed at investing in tech-enabled, lower middle-market companies. Alongside this achievement, Cohere Capital has entered into a strategic partnership through a minority investment from TPG NEXT, part of TPG's strategy to support the scaling of emerging investment firms. This strategic partnership marks a significant milestone for Cohere Capital as it strengthens its capabilities to invest in promising growth-stage companies.
Sectors
- Private Equity
- Technology Services
Geography
- United States – Both Cohere Capital and TPG are located in the United States, with Cohere Capital based in Boston and TPG having operations in Fort Worth, Texas. The transaction involves companies based in the U.S.
Industry
- Private Equity – The article discusses the activities of Cohere Capital, a private equity firm, and its strategic partnership with TPG, another major player in the private equity sector.
- Technology Services – Cohere Capital is focused on investing in rapidly growing technology-enabled services companies, highlighting the relevance of the tech services industry.
Financials
- $215 million – The amount raised by Cohere Capital Partners for its Fund II.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cohere Capital Partners | Private Equity Firm | Company | Boston-based private equity firm focused on lower middle market growth companies. |
| TPG | Strategic Investor | Company | A global alternative asset firm providing a strategic minority investment into Cohere Capital. |
| Mike Alberts | Principal, Head of Business Development | Person | Responsible for business development at Cohere Capital. |
| Courtney Power | Media Contact | Person | Media contact at TPG, responsible for public relations. |