Bedford Funding Raises New $1 Billion Fund

Bedford Funding Raises New $1 Billion Fund

Bedford Funding, a private equity firm specializing in information technology investment opportunities in the Human Capital Management and Healthcare IT markets, has raised $1 billion for its second fund, Bedford Funding II.

“The fragmented and rapidly consolidating IT marketplace continues to offer attractive special situation opportunities, and, we believe, our investment strategy and longer-term operating business mindset enable us to address the niche investment and improvement opportunities abundant in the software sector,” said Charles Jones, Managing Partner of Bedford Funding. “In particular, we see ever-increasing innovation in the Healthcare Information Technology marketplace and are delighted that our investors have so strongly supported our investment strategy and initial targets for this fast-growing market segment with a$1 billion endorsement. No place in business is there more need to reduce costs while improving quality of delivery.”

Under the direction of Mr. Jones, Bedford Funding has expanded its investment, financial and analyst teams to accommodate the additional fund. Mr. Jones has held a range of leadership positions as a financial advisor, executive operator and investor, including executing a global industry roll-up for a U.K.-based public relations firm, completing sixty middle-market corporate finance transactions in varying industries and having notable success as Chairman and CEO of Geac, where he created shareholder value as the stock price appreciated from $1.12 in April of 2001 to $11.10 in March of 2006, when he led the sale of the company for $1 billion.

Bedford Funding is a private equity firm providing long-term capital to businesses in the consolidating and fragmented technology industry with a focus in the software and IT services sectors. Bedford Funding was founded in 2006 with the launch of its initial $400 million fund- Bedford Funding I- and recently raised Bedford Funding II. Bedford Funding is headquartered in White Plains, NY (

© 2012 PEPD • Private Equity’s Leading News Magazine • 10-3-12

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