New York-Based Investor Closes Second Fund At $1.7 Billion
Recognize Partners, a New York-based investor in new digital companies, has closed its second fund, Recognize II, with over $1.7 billion in total commitments. The second fund was oversubscribed and closed less than five months after its launch. It included support from existing and new investors.
The LP base includes leading global institutions such as endowments, foundations, pensions, insurers, family offices, outsourced CIOs, and fund-of-funds across the US., Europe, Asia, and Latin America.
Who are Recognize Partners?
The New York-based investor supports innovative founders and management teams utilizing AI, software, and digital platforms to produce transformative outcomes for enterprises. It gives businesses operational expertise, industry relationships, and strategic capital to expand the company’s growth.
In the last six months, it has made four new platform investments: SDG Corporation (cybersecurity services), Sprout (Digital Infrastructure Services), TRANZACT (insurance services), and HealthEdge (SaaS for healthcare payers). Recognize was co-founded by Managing Partners Francisco D’Souza, Charles Phillips, and David Wasserman.
Recognize II
The funds from Recognize II will continue to focus on investing in businesses with enterprise values between approximately $50 million and $500 million. These businesses will offer strong potential for fast growth with the help of Recognize’s partnership..
“We are incredibly grateful for the continued support of our partners,” said Debbie Park Munfa, Partner and
Head of Investor Relations at Recognize in a press release. “We remain focused on building Digital Services businesses for the future and partnering with excellent management teams to deliver long-term value for our investors.”
Image: Nir Arieli
