Secured Closing of Fund II: Raised a Total of $1.7 Billion in Partnerships
In a significant milestone, Recognize Partners II/II-A L.P. has successfully closed its second fund, raising over $1.7 billion from a diverse range of global institutions. The fund, which was completed in under five months, marks an oversubscribed raise, demonstrating the strong confidence in Recognize's investment strategy.
Over the past six months, Recognize has made four new platform investments across various sectors within digital services. These investments include SDG Corporation, a cybersecurity services company; Sprout, an IT asset disposition and digital infrastructure services provider; TRANZACT, an insurance services company; and HealthEdge, a SaaS for healthcare payers.
Notably, Recognize also completed several notable exits earlier this year. The firm sold AST to IBM, partially exited 2X via Insight Partners, and sold Torc, an AI-powered talent platform, to Randstad.
Recognize Partners II/II-A continues to focus on investing in mid-sized digital services companies with enterprise values between $50 million and $500 million. The firm targets companies that leverage AI, software, and digital platforms to deliver transformative outcomes to enterprises and exhibit strong potential for accelerated growth.
The strategy of Recognize emphasizes partnering closely with visionary founders and management teams to build next-generation Digital Services businesses. The fund’s Limited Partners include a diverse set of global institutions such as endowments, foundations, pensions, insurers, family offices, and fund-of-funds across the U.S., Europe, Asia, and Latin America.
Debbie Park Munfa, Recognize's Partner and Head of Investor Relations, expressed gratitude for the continued support of their partners and stated that Recognize remains focused on building Digital Services businesses for the future. She also mentioned that the firm aims to partner with excellent management teams to deliver long-term value for their investors.
The fundraising for Recognize Partners II/II-A, L.P. was advised by Rede Partners Americas, and legal and tax counsel was provided by Goodwin Procter.
Recognize is a firm co-founded by Francisco D'Souza, Charles Phillips, and David Wasserman, and it partners with digital services innovators to support them in utilizing AI, software, and digital platforms to transform their enterprises.
- Recognize Partners II/II-A L.P. has announced plans to invest in mid-sized digital services companies, with a focus on technologies such as AI, software, and digital platforms.
- As part of its strategy, Recognize aims to work closely with management teams in technology-driven businesses to deliver long-term value for investors and build next-generation Digital Services businesses.
