Strattam Capital pulls in up to $200m for second vehicle

Strattam Capital, a private equity firm for business IT, has pulled in up to $200m for its second flagship fund.

The vehicle, Strattam Capital Investment Fund II, has received contributions from 53 investors, according to the latest US SEC filing.

There is no target listed on the vehicle; however, an article from Buyouts last year stated the vehicle has a target of $225m, citing people with knowledge on the matter. This article also stated Strattam’s debut vehicle closed in 2016 on $157m.

USB Securities has been listed as the placement agent for the Fund II. The PA for Strattam’s maiden fund was Mercury Capital Advisors.

Austin-based Strattam focuses on North American company operating in three areas of the business IT space: enterprise software, digital infrastructure and technology-enabled services. When making investments, the firm looks for companies with enterprise values lower than $100m, and have revenues between $10m and $30m.

Earlier in the year, the firm completed a majority investment into the data management and analytics platform SSB. The company provides a central intelligence platform that integrates data across a mix of different sources to help provide analytics for decision making and driving revenue.

Its technology is used in financial services, oil and gas, travel, sports, retail and healthcare.

Other companies in Strattam’s portfolio include cloud computing and managed application hosting provider Contegix, global logistics SaaS platform Trax Technologies, and trade spend management service Blacksmith Applications.

Copyright © 2018 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.