Long Ridge Clinches $730M for BizTech, FinTech Deals

Long Ridge Equity Partners, a private equity firm focused on growth companies in the financial and business technology sectors, has closed Long Ridge Equity Partners IV at $730 million.

Following three months of fundraising, the oversubscribed fund held a close at its hard cap of $650 million from limited partners and an additional $80 million from the general partner and the firm’s executives and advisors.

“Despite a volatile market backdrop, our collaborative approach to building market-leading financial and business technology companies has remained highly consistent and successful, which resonated with a world-class group of investors in Fund IV,” said Jim Brown, Long Ridge founder and managing partner.

Long Ridge, which has invested in digital identification startup AuthenticID and foreign exchange provider Broadway Technology, looks for companies with at least $5 million in run-rate sales.

Monument Group served as the exclusive global advisor and placement agent and Proskauer Rose served as legal advisor for Long Ridge Equity Partners IV.