Nexa Equity has held a final closing of its inaugural fund, Nexa Equity Fund I LP, with more than $180 million in capital commitments. Prior to closing Fund I, Nexa had raised an additional $150 million through transaction-specific co-investment vehicles.
Limited partners in Fund I include university endowments, foundations, investment advisers, fund-of-funds, family offices, and entrepreneurs.
Nexa invests in founder-owned, high-growth, and recurring revenue-focused lower-middle companies operating in the software and fintech sectors. The firm was founded in 2021 by Vlad Besprozvany, a former member of Insight Partners and Thoma Bravo.
“We are thrilled that Nexa Equity’s inaugural fund has received the support of a distinguished group of investors,” said Mr. Besprozvany. “We thank them for their confidence in our team and strategy and look forward to many years of continued partnership. We have built a firm dedicated to collaborating closely with founders and management teams of high-growth lower-middle market software and FinTech companies. We are excited about the many opportunities ahead and look forward to empowering additional visionary management teams as they build transformative software companies.”
Since its founding in 2021, Nexa has closed five platform investments including AutoReturn, a San Francisco-based provider of towing and parking enforcement software for cities, counties, and states (August 2021); Leap, a Maryland-based provider of business and sales management software to home improvement contractors (December 2021); Choice, a Connecticut-based financial payments platform used by software companies, merchants, and independent sales organizations (April 2022); HomeTown, an Ohio-based provider of digital ticketing and event management software to K-12 schools, colleges and universities, athletic conferences, and state associations (April 2022); and Storewise, a Kansas-based provider of retail automation software used by independent grocery stores (May 2023).
Nexa Equity is based in San Francisco and has 11 investment professionals and 3 operating professionals.
FirstPoint Equity was the placement agent used by Nexa in raising Fund I and Kirkland & Ellis provided legal services.
© 2023 Private Equity Professional | June 9, 2023
