– Denali Growth Partners (“DGP”) announced the final close of Denali Growth Partners Fund II (“Fund II”) at $400 million in total limited partner capital commitments.
– Fund II exceeded its $350 million target, driven by strong demand from both existing and new investors.
– Fund II builds on the success of DGP’s debut fund, a $200 million-plus growth equity fund raised in 2021.
– The fund advances DGP’s strategy of investing in growing, capital-efficient, and profitable companies led by exceptional entrepreneurs.
– DGP focuses on sectors where its domain expertise aligns with business performance, including healthcare, life sciences, professional services, technology-enabled platforms and services, and software.
– Jesse Lane, Founder and Managing Partner of DGP, emphasized the firm’s commitment to founder-aligned growth capital for companies often outside the limelight.
– Fund II attracted a respected group of institutional investors, such as pension plans, insurance companies, family offices, funds of funds, foundations, endowments, and asset managers.
– To date, DGP has invested in 11 platform companies generating over $900 million in revenue, more than $100 million in EBITDA, and employing over 3,000 people.
– Fund II provides additional capital for DGP to continue supporting exceptional founders building enduring, capital-efficient, and high-growth businesses.
