Investment Summary

FTV Capital and Kern Whelan Capital Invest In InvestCloud

On October 13, 2015, growth capital firm FTV Capital and private equity firm Kern Whelan Capital invested in internet software and services company InvestCloud

Investment Highlights
  • This is FTV Capital’s 10th and Kern Whelan Capital’s 3rd transaction in the Internet Software and Services sector.
  • This is FTV Capital’s 63rd and Kern Whelan Capital’s 6th transaction in the United States.
  • This is FTV Capital’s 17th and Kern Whelan Capital’s 4th transaction in California.
Investment Fate
  • InvestCloud was sold to a consortium of financial buyers in 2021.

Investment Summary

Date 2015-10-13
Target InvestCloud
Sector Internet Software and Services
Investor(s) FTV Capital
Kern Whelan Capital
Deal Type Growth Capital

Target

InvestCloud

West Hollywood, California, United States
website
InvestCloud is a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the Cloud. The company offers on-demand client experiences and intuitive operations solutions using an ever-expanding library of modular apps, resulting in powerful products. Headquartered in Los Angeles, InvestCloud has over 20 global offices including New York, London, Geneva, Singapore, and Sydney, supporting trillions in assets across hundreds of diverse clients – from the largest banks in the world to wealth managers, asset managers, and asset services companies.

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Investor(S) 2

Investor

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Management Company, L.P. (FTV Capital) is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 72 of 116
Sector (Internet Software and Services) 10 of 21
Type (Growth Capital) 15 of 50
State (California) 17 of 27
Country (United States) 63 of 95
Year (2015) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-16 Sunlight Financial

New York, New York, United States

Sunlight Financial provides long-term loans to finance the installation of residential rooftop solar systems. Sunlight offers its financing products to market-leading installers and large equipment distribution companies. The company partners with solar and battery installers, equipment distributors and sales organizations nationwide to help homeowners save money. Sunlight Financial was founded in 2014 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 MarketShare Partners

Los Angeles, California, United States

MarketShare Partners LLC is a provider of cloud-based information services, enabling marketing and IT security professionals to promote and protect their businesses.

Sell $450M
Investor

Kern Whelan Capital

Larkspur, California, United States

Investor Investor

website


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Kern Whelan Capital is an independent investment firm focused on companies at all stages of development. Kern Whelan will consider funding new ventures as well as investing in established/profitable businesses. The Firm is a generalist investor, with no industry preferences and generally targets capital efficient businesses with strong management and the potential to generate operating profits of 15% or better. Kern Whelan Capital is based in San Francisco.


DEAL STATS #
Overall 6 of 6
Sector (Internet Software and Services) 3 of 3
Type (Growth Capital) 3 of 3
State (California) 4 of 4
Country (United States) 6 of 6
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-09 Arcadia Towers

Cincinnati, Ohio, United States

Arcadia Towers is a developer and owner of communication tower sites and leases space on those sites to the wireless communications industry in the Ohio Valley area. Arcadia Towers was founded in 2005 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-25 Shopatron

San Luis Obispo, California, United States

Shopatron, Inc. is a provider of cloud-based, distributed order management solutions.

Sell -