Warburg Pincus has launched information services and software platform MLM II alongside industry a trio of industry veterans, with up to $1bn of total equity.
MLM II will focus on partnering with information, software, and technology-enabled services companies with a long-term view to value creation.
Mason Slaine, Jay Nadler, and Karl Jaeger have more than 90 years of experience leading companies in information services, software, and tech-enabled services across industries including education, energy, intellectual property, fintech, and life sciences.
They played key roles in Warburg Pincus’ investments in Information Holdings, Interactive Data Corporation, IPAN GMBH, iParadigms (now Turnitin), MLM Information Services, Reorg Research, RS Energy Group, and Wall Street Systems.
They have also served as board members and co-investors in many of Warburg Pincus’ current and former portfolio companies.
Slaine said, “MLM II is designed to capitalize on current market dynamics and acquire attractive businesses.
“With backing from Warburg Pincus, we are well-positioned to invest in and develop sizable businesses where the latest technology and a sharp focus on customer needs can unlock further value.”
Chandler Joel Reedy, managing director responsible for late stage technology investing at Warburg Pincus, added, “We are incredibly excited and proud to reunite the ‘Dream Team’.
“Mason, Jay, and Karl have long, consistent, excellent, and virtually unparalleled track records of leading and growing global businesses in the information services and software industries.
“We have known the team for over 20 years and are honored that they chose to partner with us again to build another successful scale platform.”
Warburg Pincus has invested more than $20bn in technology companies since it was founded, with notable deals including CrowdStrike, Samsara, Avalara, Ant Financial, Trax and Gojek.
Earlier this month it made a “significant” investment in Vista Equity Partners portfolio business Infoblox.
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