Top Tier Capital Partners, a San Francisco, CA-based enterprise capital agency, raised $925m new capital commitments for Prime Tier Enterprise Velocity Fund 4 (VVF4), in addition to a set of separate accounts, one in every of which focuses on late-stage local weather tech co-investments.
TTCP invests primarily in enterprise funds and high-growth, expansion-stage software program and know-how startups throughout the globe.
With these new closings, the agency’s complete regulatory belongings underneath administration will increase to greater than $8.1 billion.
Led by Managing Administrators Garth Timoll, Sr., and Sean Engel, the brand new capital commitments shall be invested as a part of the agency’s Enterprise Velocity Technique. The overall quantity contains $503.5M for VVF4, which was raised with the aim of constant TTCP’s prior achievements of investing instantly into firms as both a co-investor or secondary purchaser in addition to shopping for enterprise capital fund pursuits within the secondary market. The remaining $421M to be invested from associated separate accounts shall be used primarily for investing alongside the Velocity program. Velocity’s methods embody investing in automobiles similar to enterprise capital fund secondaries, basic associate restructurings, continuation funds, portfolio strip purchases, direct co-investment, secondary exercise, and tender choices.
Led by Sean Engel, Eric Fitzgerald, and Garth Timoll, Sr., Prime Tier Capital Companions can be asserting some inside promotions and the official opening of its new Boston workplace, situated at 101 Arch St., 18th Ground, Boston, MA 02110, led by Fitzgerald. Chief Monetary Officer Promit Bhattacharya, who beforehand led finance and operations at multi-billion greenback funds together with SVB Capital, WestBridge Capital, and Corridor Capital Companions, has been tapped for the extra position of COO. Beforehand Managing Director with Capstone Companions, Brian DeFee was employed as Director of Company Improvement EMEA, to steer enterprise growth in Europe; he’s now the agency’s Head of Capital Partnerships and Options. The agency additionally has an workplace in London, UK.