US Private Equity News US – Stone-Goff Closes $175 Million Fund to Invest in Tech-Driven B2B Service Companies
Stone-Goff Partners, a growth-oriented private equity firm focused on tech-driven B2B service companies, has closed its fourth fund at $175 million. The fund, which is called Stone-Goff Partners IV, was oversubscribed and received commitments from a range of institutional investors, including insurance companies, fund of funds, wealth managers, and family offices.
Stone-Goff was founded in 2007 by Laurens Goff and Hannah Stone Craven. The firm has a team of experienced investment professionals with a proven track record of success. Stone-Goff’s investment strategy is to invest in majority-owned, founder-led companies in the tech-driven B2B service sector. The firm typically invests in companies with enterprise values of $50 million to $250 million.
Stone-Goff Partners IV will be used to invest in a range of industries, including technology, healthcare, and industrials. The firm is targeting companies with strong management teams and growth potential.
The closing of Stone-Goff Partners IV is a sign of confidence in the tech-driven B2B service sector. The sector has been growing rapidly in recent years, and there is a strong demand for private equity investments in these companies. Stone-Goff’s fourth fund is a testament to the firm’s track record and the quality of its investment team.
Here are some additional details about Stone-Goff Partners IV:
- Target size: $175 million
- Oversubscribed: Yes
- Investors: Insurance companies, fund of funds, wealth managers, family offices
- Investment strategy: Majority-owned, founder-led companies in the tech-driven B2B service sector
- Target industries: Technology, healthcare, industrials
- Management team: Laurens Goff, Hannah Stone Craven
Stone-Goff Partners IV is a significant achievement for the firm. The fund’s size and oversubscription demonstrate the strong demand for private equity investments in the tech-driven B2B service sector. Stone-Goff is well-positioned to continue its success with this new fund.
In a statement, Laurens Goff said, “We are excited to close Stone-Goff Partners IV and to continue our investment focus on tech-driven B2B service companies. We believe that this sector is ripe for growth, and we are confident in our ability to identify and partner with high-quality companies that have the potential to achieve significant success.”
Hannah Stone Craven added, “We are grateful for the support of our investors, who have shown confidence in our investment strategy and team. We look forward to deploying this capital into new and exciting companies in the coming years.
