Savano Capital Partners, a Baltimore, MD-based firm Investing Capital has closed its third fund at $157 million.
Many of the firm’s existing limited partners participated in Savano Capital Partners III, L.P., along with several new limited partners including leading asset managers, insurance companies, universities, family offices, and foundations. This fund allows the firm to offer creative liquidity solutions for founders, employees, early investors, and others, as well as growth equity for expansion-stage companies.
The vehicle has already invested in 13 companies from multiple software sectors including cybersecurity, data analytics and HR tech.
Savano Capital Partners, headed by Tom Smith, Managing Partners, and Matt Good (COO), is a growth equity fund that supports rapidly-growing technology and service businesses. The firm has invested in nearly 50 companies to date with notable active investments including Jobcase, Automattic, Hackerone, Omaze, Bespoke Post, and Sciencelogic and notable realized investments including Aras, Everquote (Nasdaq: EVER), and Clarabridge (acquired by Qualtrics (Nasdaq: XM)). AUM now exceeds $300m.
Savano also announced the addition of two Vice Presidents to its expanding team – Andrew Seter and Julieanna Wiley. Seter brings a wealth of experience in M&A advisory and corporate strategy. Wiley has previously managed an outsourced team of back office staff for numerous venture capital firms.