Boston - October 13, 2020 – Proskauer, a leading international law firm, today announced that it has acted for Long Ridge Equity Partners ("Long Ridge") in their final closing of Long Ridge Equity Partners III ("Fund III").
The oversubscribed fund closed at its hard cap of $400 million of Limited Partner commitments plus an additional $45 million of commitments from the General Partner and members of the firm's Industry Advisor Network. Consistent with its predecessor funds, Fund III will target majority and significant minority investments in high-growth financial and business technology companies led by exceptional management teams.
The investor base for Fund III, which closed on Friday, October 9th, 2020, is comprised of leading endowments and foundations, public pensions, funds of funds, insurance companies, wealth managers, and family offices in North America, Asia, and the Middle East.
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