Vertu Capital has closed its inaugural fund, Vertu Partners Fund I, with more than $300 million in capital commitments. The fund was oversubscribed with commitments exceeding its original hard cap.
Vertu invests in software and software-enabled companies.
“This is an exciting time to be in the market with new capital to deploy. The current vintage of mid-sized software businesses is well-positioned to differentiate themselves in the current market, and we are actively sourcing those well-run, profitable enterprises that are primed to scale,” said Lisa Melchior, Vertu founder and managing partner. “Our investors share our vision and belief in our team and strategy, and we are deeply gratified to have such impressive and well-regarded LPs in our inaugural fund.”
Vertu received strong support from a diverse range of high-quality Canadian and U.S. institutional investors including New York State Common Retirement Fund, BDC Capital, BMO Capital Partners, fund
