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.