– Wavecrest Growth Partners (“Wavecrest”) closed its third fund, Fund III, with $450 million in capital commitments.
– Fund III was significantly oversubscribed and reached its hard cap within four months of launch.
– With Fund III, Wavecrest’s total assets under management now exceed $1 billion as it approaches its 10th anniversary.
– Fund III received strong support from existing investors, including pension funds, insurance companies, endowments and foundations, fund of funds, and family offices, along with several new top-tier institutional investors.
– More than 50 current and former portfolio CEOs and Operating Advisors also invested in Fund III, endorsing Wavecrest’s strategy, collaborative approach, and operational value-add.
– Co-Founders and Managing Partners Deepak Sindwani and Vaibhav Nalwaya highlighted the consistency of Wavecrest’s investment approach and its focus on sector expertise, collaboration, and the Wavecrest Operating Platform.
– Wavecrest focuses on partnering with founder-led, capital-efficient high-growth B2B technology companies in North America and Western Europe.
– Portfolio companies include Impel (automotive AI software), BigTime (professional services automation software), Pole Star (maritime compliance data and software), Stirista (customer identity graph), and Volante (payments tech).
– Wavecrest’s first two funds have invested in 17 growth-stage companies to date.
– The Wavecrest Operating Platform provides portfolio support with expertise in go-to-market, talent, finance, corporate development, and strategy.
– Gunderson Dettmer served as legal counsel to Fund III.
– Fund III was significantly oversubscribed and reached its hard cap within four months of launch.
– With Fund III, Wavecrest’s total assets under management now exceed $1 billion as it approaches its 10th anniversary.
– Fund III received strong support from existing investors, including pension funds, insurance companies, endowments and foundations, fund of funds, and family offices, along with several new top-tier institutional investors.
– More than 50 current and former portfolio CEOs and Operating Advisors also invested in Fund III, endorsing Wavecrest’s strategy, collaborative approach, and operational value-add.
– Co-Founders and Managing Partners Deepak Sindwani and Vaibhav Nalwaya highlighted the consistency of Wavecrest’s investment approach and its focus on sector expertise, collaboration, and the Wavecrest Operating Platform.
– Wavecrest focuses on partnering with founder-led, capital-efficient high-growth B2B technology companies in North America and Western Europe.
– Portfolio companies include Impel (automotive AI software), BigTime (professional services automation software), Pole Star (maritime compliance data and software), Stirista (customer identity graph), and Volante (payments tech).
– Wavecrest’s first two funds have invested in 17 growth-stage companies to date.
– The Wavecrest Operating Platform provides portfolio support with expertise in go-to-market, talent, finance, corporate development, and strategy.
– Gunderson Dettmer served as legal counsel to Fund III.