Motive Partners, a private equity firm focused on financial technology, announced the successful final close of its second flagship fund, Motive Capital Fund 2, with total capital commitments of $2.54 billion for the Fund and its affiliated co-investment vehicles.
The Fund focuses on growth and buyout investments in software, investment and information services businesses located in North America and Europe. The Fund has already partnered with 10 companies — InvestCloud, Insurify, Wilshire, Trumid, Motive Capital Corp II, CAIS, FNZ, Forge Global, BetaNXT and Backbase.
Commitments to the Fund were secured from a geographically diverse group of investors, including public and private pensions, sovereign wealth funds, foundations, financial institutions, institutional fund managers, family offices and high-net-worth individuals.
