Centana Growth Partners has closed its maiden fund on $250m, as it looks to invest in the future of financial services.
The firm launched in 2015 with an aim to focus on financial services, FinTech, and related enterprise technology companies ready for funding.
Investments made from the fund will be between $5m and $30m, in to companies with proven business models as well as stable and maturing revenues.
Centana partner Eric Byunn said, “We started Centana because we recognize the financial services industry is rapidly evolving, adapting to new regulations, market structures, technology developments, and more.
“There are firms – some flying under the radar and others that are more well-known – that are helping drive this change across financial services.
“We want to help accelerate their growth through an investment of our capital, time, resources, insight and network.”
The vehicle has already been used to acquire InusrTech firm One, which offers core insurance software and digital engagement solutions.
Lazard served as the placement agent for the vehicle.
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