Transaltlantic FinTech investor Motive Partners has raised $473m for the final close of its inaugural fund.
The London and New York-based firm said it will use Motive Capital Fund I to invest in growth and buyout deals for financial and business services technology companies.
Motive has already tapped the fund to complete six portfolio investments, using a total of $3bn of capital from both the fund, LP co-investors and other investors.
The portfolio includes Avaloq, Dun & Bradstreet, Finantix, Global Shares, LMRKTS and LPA.
Alongside the fund close Motive has named former global co-director of Houlihan Lokey’s Private Funds Group, Robert Brown, as a founding partner and executive committee member.
Brown founded investment advisory firm BearTooth Advisors in 2014 and previously served as a partner at Advent International and Carlyle.
Motive partnered with Houlihan Lokey for the fundraise, which was led by Brown at the time.
In November last year Motive made a control investment in RegTech software business LPA.