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Edison Partners closes on 365M fund.

Byline: Jessica Perry

Edison Partners has announced the closing of a $365 million fund, the investment firm's largest in its history.Edison Partners has announced the closing of a $365 million fund, the investment firm's largest in its history.

The achievement of the fund, Edison Partners IX, exceeds the target the Princeton-based company had previously set at $300 million.

According to the firm, investors in Edison IX include corporate and public pensions, endowments, insurance companies, funds-of-funds and family offices like the New Mexico Educational Retirement Board and Rutgers University.

"We sized Edison IX to match our strategy, sector and company stage focus," Managing Partner Chris Sugden said in a prepared statement.

Edison Partners focuses on growth investing in technology companies including enterprise solutions, financial technology and health care IT outside of Silicon Valley, with revenues of $25 million or less.

Since its inception over 30 years ago the company has invested in over 200 companies and completed more than 180 total exits.View the full article from NJBIZ at http://www.njbiz.com/article/20181011/NJBIZ01/181019968/edison-partners-closes-on-365m-fund. Copyright 2018 BridgeTower Media. All Rights Reserved.

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Article Details
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Author:Perry, Jessica
Publication:NJ Biz
Article Type:Brief article
Geographic Code:1U2NJ
Date:Oct 11, 2018
Words:193
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