Private equity and venture capital firm Edison Partners closed its oversubscribed growth equity fund with $365 million in capital commitments.
Edison Partners IX will be used solely for growth investments in technology companies in markets outside of California's Silicon Valley, with revenues of $25 million or less.
The investment firm targets the enterprise solutions, financial technology and healthcare information technology sectors.
The fund drew capital from corporate and public pension plans, endowments, funds of funds, insurance companies and family offices, including New Mexico Educational Retirement Board, Rutgers University Foundation, Hirtle Callaghan & Co. LLC, American Family Insurance Group and Renaissance Venture Capital Fund.
It recently invested in four companies, including three Midwestern companies — Blue Medora, Emplify and Sigstr — and Giant Oak.