Glade Brook Closes Growth Equity Fund, at $430M
Summary
More than 90% of SG III commitments are from Glade Brook’s existing partners across the globe, including leaders from the sovereign wealth, endowment, insurance, family office, RIA and technology founder communities. Through SG III, Glade Brook will seek to partner with 12-15 portfolio companies over the 2022-2024 investment period, focusing on emerging leaders across software, e-commerce, fintech, web3, internet, digital health and digital media. Led by Paul Hudson, Founder & Chief Investment Officer, Kyle Daniel, Partner and Chief Operating Officer, Glade Brook Capital Partners is a global growth equity firm investing in emerging leaders in the internet and software sectors. With more than $1.5 billion in assets, the firm targets companies at key inflection points and often creates and leads growth financings at the Series B and C stages. Past investments have included companies such as Airbnb, Axios, Capsule, Lyft, Snapchat and Uber.