Edison Partners raises 9th fund, its largest at $365 million

Tom Paine

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Princeton-based Growth investment firm Edison Partners has raised $365 million in its ninth fund – the largest in the firm’s 32-year history, CrunchBase reports .

Edison VIII, closed after raising $275 million in 2016, was previously Edison's largest fund.

LPs include a “diverse mix” of investment vehicles, including New Mexico Educational Retirement Board, Rutgers University, Hirtle Callaghan, American Family Insurance, and Renaissance Venture Capital Fund, according to Chris Sugden, Managing Partner.

Part of Edison's strategy is to continue to limit the size of its funds, to avoid the 'too much money facing too few deals' syndrome if things get rocky.

Edison has 12 partners now. Currently, Edison Partners manages more than $1.4 billion in assets throughout the eastern United States. Though still a regional firm, I see some indication that its establishing a broader footprint.

Edison Ventures will remain focused on three segments: Enterprise Solutions, Financial Technology, and Healthcare IT.