Serent Capital has spent 18 years backing founder-led software companies that never chased venture capital. Now it manages more than $7 billion and just closed the largest fund in its history.
The Boston growth-equity firm has turned narrow software focus into a very large machine - pairing capital with operators, acquisitions and an AI push across more than 165 platform investments.
Spotlight Equity Partners buys control of established software companies, then sends operators into the machinery. Its wager is that lessons learned in libraries, databases, identity and industrial maintenance can travel from one niche to the next.