Motive Partners Closes $2.5B Flagship Capital Fund

FinTech-focused private equity firm Motive Partners has closed its second flagship fund, Motive Capital Fund 2, totaling $2.54 billion in capital commitments for the fund and its related investment vehicles, according to a Tuesday (July 12) press release.

“The fund focuses on growth and buyout investments in software, investment and information services businesses located in North America and Europe,” the release stated. “[It] has already partnered with 10 companies: InvestCloud, Insurify, Wilshire, Trumid, Motive Capital Corp II, CAIS, FNZ, Forge Global, BetaNXT and Backbase.”

Commitments to Motive Capital Fund 2 came from public and private pensions, sovereign wealth funds, foundations, financial institutions (FIs), institutional fund managers, family offices and high net worth individuals, including existing investors from the inaugural fund, according to the release.

“During the fundraising period, Motive continued to invest behind its integrated approach, building out the Motive team to include over 180 investors, operators and innovators,” the release stated.

Motive Partners Founder and Managing Partner Rob Heyvaert said in the release: “We will continue to be laser-focused on partnering transformational capital with world-class management teams.”

In March, Motive Partners and Clearlake Capital Group entered into an agreement to acquire assets of BETA+ from London Stock Exchange Group (LSEG). The acquisition included securities processing, custody, clearing and asset servicing technology BETA, cost and tax basis reporting software Maxit and front-end client solutions Digital Investor.

Read more: Clearlake Capital, Motive Partners to Acquire BETA+ From London Stock Exchange Group

Clearlake and Motive have also inked a long-term strategic partnership in which LSEG will provide content, data and tools to BETA+ and the other companies in Clearlake and Motive’s portfolios. The companies focus on providing the wealth management industry with frictionless digital experiences and delivering hyper-personalized solutions to customers.