Bonaccord Capital Partners Announces Strategic Minority Investment in Lead Edge Capital
April 22 2024 - 7:00AM
Bonaccord Capital Partners (“Bonaccord”), a private equity business
focused on providing growth capital to exceptional mid-market
private markets sponsors, today announced that it has acquired a
passive minority equity interest in Lead Edge Capital (“Lead
Edge”), a growth equity firm focused on investing in market-leading
software, internet, consumer, and tech-enabled businesses globally.
Bonaccord’s investment and strategic development platform will
support Lead Edge’s value creation initiatives and further growth.
There will be no change to Lead Edge’s investment process,
day-to-day management, or firm operations.
“We are pleased to announce our strategic partnership with
Bonaccord, which is a critical step in Lead Edge’s continued growth
and scalability,” said Mitchell Green, Founder and Managing Partner
of Lead Edge. “We believe Bonaccord’s middle market expertise will
be invaluable as we continue to grow our investor network and scale
the Lead Edge platform. At the same time, we believe the Bonaccord
team can bring additional value to our existing and future
portfolio companies through continuing to provide strategic
customer and partner introductions.”
“Lead Edge Capital’s ability to leverage its strategic investor
base and drive tangible, value-added growth across its portfolio is
unique and exceptional,” said Ajay Chitkara, Managing Partner of
Bonaccord. “Over the last several years, we have built
a strong relationship with Lead Edge, and we are thrilled to
partner with them as they continue to build and strategically scale
their firm to deliver compelling returns for their investors.”
Evercore served as financial adviser to Lead Edge Capital.
Kirkland & Ellis LLP and Goodwin Procter LLP acted as legal
counsel to Lead Edge Capital and Fried, Frank, Harris, Shriver
& Jacobson LLP advised Bonaccord.
About Lead Edge CapitalLead Edge Capital is a
$5 billion growth equity firm investing in software, internet, and
tech-enabled businesses globally. The firm has invested in a number
of major software and internet companies around the world,
including Alibaba Group, Arrive Logistics, Asana, Azul Systems,
Bazaarvoice, Benchling, Clearscore, Duo Security, Grafana,
GrowthZone, Holistiplan, LeanStaffing, LiveView Technologies,
Pacemate, Safesend, Signal Sciences, Tempo, Toast, Wise, and
YouSign. Lead Edge has invested in more than 100 companies
worldwide and has seen over 60 portfolio companies achieve an exit.
One of the main drivers of Lead Edge’s success is its unique
investor base, a network of 700+ executives, entrepreneurs, and
dealmakers who have built and run some of the world’s most
successful companies. In addition to providing flexible capital,
Lead Edge leverages this global network to connect portfolio
companies with the customers, partners, talent, and advisors needed
to accelerate growth. Lead Edge Capital was founded in 2009 and has
offices in New York City and Santa Barbara.
About Bonaccord Capital PartnersBonaccord
Capital Partners ("BCP") is a private equity business focused on
providing growth capital to exceptional mid-market private markets
sponsors spanning private equity, private credit, and real estate
and real assets. By leveraging its strategic relationships,
institutional capabilities, and strategic development expertise,
BCP seeks to support transformative initiatives that help its
partner sponsors reach their potential and establish enduring
institutions. BCP aims to support broader portfolio objectives
through partnerships with its partner sponsors. BCP is a part of
P10, Inc. (NYSE: PX), a leading multi-asset class private markets
solutions provider in the alternative asset management industry.
For more information, please visit www.bonaccordcapital.com.
Contact:Investor RelationsSophia
KolodzinskiSophia.kolodzinski@bonaccordcapital.cominfo@bonaccordcapital.com
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