Jan 24, 2017

Motive Partners aims for $1 billion

Motive Partners is raising upwards of $1 billion for its debut private equity fund, Axios has learned.

The London and New York-based upstart recently came out of stealth mode, pitching itself as a next-generation investment firm focused exclusively on the technology-enabled companies that power the financial services industry." A source close to the situation says that it plans to invest $100 million or more of equity in each of its deals (often utilizing LP co-invests), with a heavy focus on carve-outs from established financial institutions.

In short, it seems like Motive wants to basically become the Silver Lake of financial services.

Most of the founding team previously worked at Fidelity National Information Services, while managing partner Andy Stewart previously led BlackRock's alternative investment platform.

No comment from Motive, which can't legally discuss fundraising anyway.

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