Stone-Goff Partners Closes Fourth Tech-Driven Fund at $175M

Middle market private equity investor Stone-Goff Partners has raised $175 million for the final close of its fourth and largest buyout fund to date.

Consistent with its predecessors, Fund IV will target majority investments as the first institutional investors in founder-led companies focused on B2B services where technology plays a critical role.

The investor base for Stone-Goff Partners IV, which closed on June 15, is comprised of insurance companies, fund of funds, wealth managers and family offices in North America.

“We remain committed to investing in the lower middle market because it’s where one finds the greatest concentration of founder-led companies, where we have the experience to source and execute, and where we see tremendous opportunities for growth, particularly with business-to-business knowledge-economy companies,” said Hannah Stone Craven, Co-Founder & Managing Partner of Stone-Goff.

The fund has already closed on its first two investments, FS Vector, a Washington, D.C.-based strategic financial consulting firm, and JSI, a provider of consulting, engineering and managed services to rural broadband telecommunications operators.