American Family Insurance was among a string of limited partners for the growth equity firm's ninth fund, which was oversubscribed from its $300m target.
US-based growth equity firm Edison Partners closed its ninth fund at $365m yesterday having raised capital from limited partners including insurance firm American Family.
The LP list also included investment manager Hirtle Callaghan, New Mexico Educational Retirement Board, Rutgers University and fund-of-funds Renaissance Venture Capital Fund.
Edison makes investments in growth-stage companies generating $5m to $25m in revenue, targeting developers of enterprise, financial and healthcare software technology. It assesses investments using a proprietary software platform called Edison Edge.
Edison IX,…
