Riverwood Capital Raises $1.8 Billion for Global Technology Fund

Riverwood Capital-bsp-bb-link>, which invests in high-growth technology companies, closed $1.8 billion in new commitments in the largest fundraising round since inception 15 years ago.

The Menlo Park, California-based firm with offices in Miami, New York and Sao Paulo, tapped pension funds, hospital systems, foundations, endowments, fund of funds, insurance companies and family offices among other investors, according to a statement.

Riverwood has invested in 75 companies, mainly in the Americas, including GoPro, ride-hail firm 99, software firm Globant SA, VTEX, Nextdoor and iFLY. It doesn’t divulge fund performance but said annual revenue growth averages about 40% across its ...