Edison Partners looking to raise up to $300m for ninth fund

Edison Partners is back fundraising for its ninth private equity fund in what could become its biggest-ever vehicle.

The firm could collect up to $300m for Edison Partners IX according to a filing the firm lodged with the US Securities and Exchange Commission.

Hitting that amount would see Edison outdo the $275m it gathered for Edison Partners VIII two years ago.

The New Jersey-headquartered firm has been using that fund to target investments in high-growth businesses in FinTech, healthcare IT, marketing technology and enterprise software.

Portfolio companies backed using Fund VIII include Clearpool Group, iQ media, TripleLift, Solovis and VirtualHealth.

Edison Partners has been very active in the FinTech sector. Earlier in the year, it led the $42m Series B round into mobile personal finance platform MoneyLion. The company enables consumers to control their financial lives with services for borrowing, saving and investing.

Last July, FinTech Global’s sister site AltAssets reported that Edison had scored a “strong return” selling trading and market data tech business OptionsCity Software to Vela Trading Technologies.

The growth investment firm bought into OptionsCity in 2013, and has since seen the business grow its team, introduce new products.

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