New York/India: Recognize, a leading investor and builder of next-generation digital services businesses, has announced the final close of Recognize Partners Fund II/II-A, L.P., securing over $1.7 billion in total commitments.
The fund, titled Recognize Partners Fund II, reached its hard cap in less than five months, driven by strong re-commitment from existing limited partners (LPs) and robust demand from new global institutional investors.
Co-founded by digital services pioneers Francisco D’Souza, Charles Phillips, and David Wasserman, Recognize continues to focus on scaling innovative businesses that harness AI, software, and digital platforms to transform enterprise operations.
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With Recognize Partners Fund II, the firm will invest in high-potential companies valued between $50 million and $500 million, emphasizing its partnership-led growth strategy.
Strong Global Investor Backing for Recognize Partners Fund II
Recognize Partners Fund II attracted a global base of top-tier LPs including endowments, foundations, pensions, insurers, family offices, outsourced CIOs, and funds-of-funds across the U.S., Europe, Asia, and Latin America. The round included a substantial GP commitment, reinforcing the team’s long-term confidence in the digital services market.
Strategic Investments and Exits Strengthen Fund Momentum
In the last six months alone, Recognize has made four platform investments:
- SDG Corporation (cybersecurity services)
- Sprout (digital infrastructure services)
- TRANZACT (insurance services)
- HealthEdge (SaaS for healthcare payers)
The firm also recorded major realization events, including the sale of AST to IBM (NYSE: IBM) and a partial exit of 2X through a strategic investment by Insight Partners. In 2024, Recognize also exited Torc, an AI-powered talent platform, via a sale to a Randstad subsidiary (AMS: RAND). These strategic outcomes affirm the growing demand for digitally native service providers.
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Focused on Value Creation for the Future of Enterprise Tech
“We are incredibly grateful for the continued support of our global partners,” said Debbie Park Munfa, Partner and Head of Investor Relations at Recognize. “With Fund II, we remain focused on building future-ready digital services companies and driving long-term value for our investors.”
Recognize was advised on the fundraise by Rede Partners Americas LLC, with Goodwin Procter LLP serving as legal and tax counsel.
