Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm with offices in Boston and New York, is proud to announce that it has been named to GrowthCap’s “Top Growth Equity Firms of 2024” for the second consecutive year. The firm was honored specifically for its Technology Opportunities strategy, which focuses on lower middle-market technology investments.
Now in its 11th year, the list recognizes firms that have excelled in a range of areas including: sector expertise, demonstrated value creation, firm evolution and momentum, and serving as exceptional growth equity partners for CEOs and investors. GrowthCap also assessed firms’ social and environmental initiatives, as well as their relationships to key stakeholders including portfolio companies, LPs, employees and industry colleagues. Charlesbank was evaluated alongside several hundred other qualifying firms.
In 2018, Charlesbank initiated its Technology Opportunities Fund (“TOF”) strategy, which operates as an integral part of the broader Charlesbank platform, leveraging the firm’s resources and networks to uncover a variety of sourcing opportunities and drive both innovation and value creation. Now investing its second fund, the TOF strategy is hyperspecialized in six subsectors: cloud computing, cybersecurity, healthcare, IT, fintech, infrastructure software and application software. Led by strategy Co-Heads Darren Battistoni and Hiren Mankodi, alongside fellow Managing Directors Mayur Desai and Bhuvan Jain, the team has completed 16 platform investments and more than 80 add-ons as of January 31, 2025.
“At Charlesbank, we partner with talented founders and management teams seeking to transform companies into market leaders, offering our expertise, resources and capital,” said Hiren Mankodi. “Our deep subsector specialization enables us to pursue targeted initiatives, identifying the most promising opportunities to apply our unique, relative-value investment approach. We are pleased to have our dedicated team and differentiated strategy recognized again by GrowthCap.”
Read more about the full list of winners, as well as selection criteria and methodology on GrowthCap’s website here.
Note: GrowthCap announced these awards February 13, 2025. No compensation was paid in connection with being considered for this recognition, although Charlesbank paid a publishing fee following selection.
About Charlesbank Capital Partners
Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm with approximately $19 billion of assets under management as of 9/30/24. Charlesbank focuses on management-led buyouts, growth capital financings, opportunistic credit, and technology investments. The firm seeks to invest in companies with sustainable competitive advantage and excellent prospects for growth. For more information, please visit www.charlesbank.com.
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