Cohere Capital Announces Fund II Close and TPG Partnership
Funding | Jan 16, 2025 | TPG
In a recent announcement, Cohere Capital Partners, a private equity firm based in Boston, revealed the closure of its second fund, Cohere Capital Fund II, having secured commitments exceeding $215 million. This fund concentrates on investing in technology-enabled lower middle market companies. Additionally, Cohere Capital has forged a strategic partnership with TPG through TPG NEXT, TPG's dedicated strategy for fostering emerging investment firms. TPG's involvement signifies a minority investment aimed at bolstering Cohere's growth trajectory. Cohere Capital specializes in growth and recapitalization investments, and their new fund further solidifies their strategic positioning in technology-enabled services companies. For more information, visit their official website.
Sectors
- Private Equity
- Technology
Geography
- United States – Cohere Capital is based in Boston, and TPG has a presence in San Francisco and Fort Worth, indicating a strong focus on the U.S. market.
Industry
- Private Equity – Cohere Capital operates within the private equity industry, focusing on investments in lower middle market companies, particularly in tech-enabled services.
- Technology – The focus of the investments by Cohere Capital is on technology-enabled services companies, indicating a strong industry relevance.
Financials
- $215 million – The total commitments secured for Cohere Capital Fund II.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cohere Capital | Private Equity Firm | Company | Cohere Capital is a Boston-based private equity firm focused on investing in tech-enabled lower middle market companies. |
| TPG | Strategic Investor | Company | TPG is a private equity firm providing a minority investment through TPG NEXT to support Cohere Capital's growth. |