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Alternative Assets  + Private Equity  |  July 18, 2023
Long Ridge Clinches $730M for BizTech, FinTech Deals
Joe Palmisano
By: Joe Palmisano

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.

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Long Ridge Equity Partners

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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