Resolve Growth Partners Closes Its Oversubscribed Inaugural Fund at $157 Million
March 19, 2021 – Resolve Growth Partners (“Resolve”), a Baltimore, Maryland-based growth equity firm investing in lower-middle market enterprise software businesses, announced the final closing of its inaugural fund, Resolve Growth Partners I, L.P. (the “Fund”), at over $157 million in capital commitments.
The Fund secured commitments from a diverse base of endowments, foundations, family offices, gatekeepers and pension funds.
“We’re immensely appreciative of the strong support we’ve received from our new limited partners, particularly in these unprecedented times. Additionally, we look forward to continuing to partner with growth-stage software companies where investments in the team, go-to-market and operations can help accelerate growth,” commented Jit Sinha and Chris Rhodes, Co-Founders of Resolve.
Acalyx Advisors Inc. (“Acalyx”) served as exclusive placement advisor. “This environment has presented unique circumstances, however investors were compelled by Resolve’s ability to apply its experience, proven growth methodology and network of strategic resources to help scale businesses in an underserved market,” noted Joe McDonald, Partner of Acalyx.
Gunderson Dettmer LLP served as legal counsel.
About Resolve Growth Partners
Headquartered in Baltimore, MD and founded in 2018, Resolve focuses exclusively on enterprise software growth equity investments. The firm seeks to partner with strong founding teams of smaller growth-stage software companies, typically investing $5 million to $20 million of equity per transaction. For additional information, please visit www.resolvegrowth.com.
About Acalyx Advisors
Acalyx is a highly selective independent firm specializing in advisory, private placement and investor relations for leading alternative asset management firms. The firm is led by seasoned professionals who have collectively raised and advised on over $90 billion across a number of strategies, including buyout, special situations and credit. For additional information, please visit www.acalyx.com.