True Wind Capital, a San Francisco–based private-equity firm focused on investing in technology companies, has closed its second fund, True Wind Capital II, with $817 million in equity commitments, exceeding the fund’s target.
True Wind was launched in 2015 by Adam Clammer and James Greene Jr., who previously founded and led KKR's Global Technology Group. Fund II will continue True Wind's strategy of partnering with strong management teams and investing in leading technology companies across niche sectors within large and growing markets, including software, data analytics, tech-enabled services, internet, financial technology, and hardware.
True Wind received significant support from existing investors from Fund I and added many new investors. The company's Fund II investor base consists of leading pension funds, asset managers, foundations, endowments, family offices, and technology industry leaders across North America, Europe and Asia.