– Centana Growth Partners is a specialized growth equity firm focused on financial services, fintech, and enterprise technology.
– Celebrates 10 years of empowering transformative companies in these sectors.
– Fund III closed at $600 million in capital commitments, surpassing its target.
– Focuses on companies with $7M–$75M in recurring revenue, strong growth, experienced management, and significant customer traction.
– Targeted investments range from $10M–$50M+.
– Core verticals include asset management, insurance, banking, digital identity, wealth management, payments, capital markets, and supporting enterprise technologies.
– Portfolio companies benefit from Centana’s Strategic Network and partners’ expertise.
– Ben Cukier, Partner, highlights the importance of strategic resources to foster innovation and accelerate growth in the transforming financial services landscape.
– Eric S. Byunn, Co-Founder and Partner, emphasizes market shifts and opportunities arising from underinvestment in financial services and fintech sectors.
– Financial services account for over 20% of U.S. GDP and rank among the top 3 S&P 500 sectors by market capitalization, yet remain relatively underinvested by private equity.
– Recent 2024 investments include:
– Adroit Trading Technologies: $15M for execution management in fixed income and OTC trading.
– Cayosoft: $22.5M for secure management and recovery of Microsoft Active Directory.
– Gradient AI: $56M to enhance AI-driven predictive analytics for insurance.
– WarrCloud Inc.: $20M to expand automated warranty processing.
– First Connect: $60M to grow its digital insurance aggregator platform.
– Lazard acted as the placement agent, and Proskauer Rose LLP provided legal counsel.
