NYC-based Coalesce Capital secures $900million inaugural funding. The Fund was oversubscribed and secured investor commitments in nine months, above its original target of $750 million. Coalesce now has approximately $1.0 billion in regulatory assets under management.
The Fund’s globally diversified investor base is comprised of leading endowments, foundations, healthcare and pension systems, financial institutions and entrepreneurs.
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Coalesce has begun deploying the Fund and recently completed its first investment in Examinetics, a leading provider of occupational health compliance testing services.
Stephanie Geveda, Founder and Managing Partner of Coalesce said, “Coalesce was formed to partner with ambitious entrepreneurs leading human capital- and technology-enabled services businesses. Our goal is to accelerate the growth of these companies by applying our financial capital and collaborative value creation approach, We are grateful for the support of our Fund I investors on this journey and are working hard to reward their trust as we identify and invest behind the category-leading platforms of tomorrow.”
About Coalesce Capital
Coalesce Capital is a private equity firm that partners with entrepreneurs and management teams to build enduring value around differentiated businesses. Dedicated to investing in human capital-driven and technology-enabled services companies, the firm’s growth-oriented investment philosophy centers around its conviction that people are the most important ingredient of value creation.
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