– Bessemer Venture Partners Forge, a private equity firm focused on growth-oriented, self-sustaining businesses, announced the closing of $1 billion in capital commitments for its second fund, Forge II.
– The oversubscribed fund closed in four months, bringing BVP Forge’s total assets under management to $2.3 billion.
– The fund’s success validates BVP Forge’s strategy of combining specialized private equity operational resources with direct access to Bessemer Venture Partners’ global platform.
– Rob Arditi, partner at BVP Forge, highlighted that the strong demand reflects confidence in the firm’s strategy and the strength of its platform.
– BVP Forge was launched four years ago, targeting growth buyouts and significant minority investments in self-sustaining technology and services businesses with $10-50 million in revenue.
– The firm’s first fund, $780 million Forge I, has built a portfolio of nine companies to date.
– BVP Forge supports portfolio companies through its ForgeEdge™ program, which strengthens systems, processes, and talent across engineering, go-to-market, and other key functions.
– Access to Bessemer’s global investing platform provides Forge portfolio companies with advanced AI innovation resources across product and operations.
– Forge II will expand BVP Forge’s capabilities, enhancing ForgeEdge™, adding talent, and extending investment roadmaps.
– Navid Oreizy, partner at BVP Forge, emphasized that the firm offers bespoke operational resources and early-stage technology insights, filling a gap for management teams seeking a private equity partner.
– Forge II will enable BVP Forge to support more companies and deepen investments in its targeted sectors.
