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Alternative Assets  + Private Equity  | 
Long Ridge Clinches $730M for BizTech, FinTech Deals

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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.