Lower mid-market buyout house Cloud Equity Group is eyeing up to $100m for the final close of its latest special opportunities fundraise.
The firm targets investments in tech-enabled business service providers internationally, with a primary focus on cloud and hosting companies.
Cloud Equity said it plans to use the new fund invest $1m to $10m per transaction in established companies with strong management teams, predominately in the form of ownership buyouts.
SOF may also invest opportunistically in larger deals alongside its numerous co-investment partners, it added.
Cloud Equity was founded in 2013 by industry veteran Sean Frank.
He said, “The cloud hosting market is continuing to grow despite the ongoing worldwide pandemic, and with our deep experience and proven record of returns in the sector, as well as preeminent deal flow access, Cloud Equity Group is perfectly positioned to deliver value to investors looking for financial or strategic exposure to the cloud.”
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