Nexa Equity closes inaugural PE fund at $180m

Nexa Equity, a San Francisco-based private equity firm focused on investing in lower-middle market application software and fintech businesses, has closed its inaugural fund, Nexa Equity Fund I, with more than $180 million in capital commitments.

The fund received substantial support from leading university endowments, foundations, investment advisers, fund-of-funds, family offices, entrepreneurs, private equity leaders and other financial institutions. Nexa Equity has raised an additional $150 million through deal-specific co-investment vehicles, bringing the firm's total private equity capital under management to over $330 million. Nexa Equity was founded in 2021 by Vlad Besprozvany, a software and fintech investor who previously led a number of high-profile buyout investments and exits at Insight Partners and Thoma Bravo. Since founding Nexa Equity, Besprozvany has scaled the team to 14 employees and operators. The team's prior experience at distinguished investment firms includes Insight Partners, Thoma Bravo, Genstar Capital, K1 Investment Management, Luminate Capital, and Diversis Capital. Nexa Equity's mandate is to back rapidly scaling software and FinTech companies that are revolutionising the way their industries use and access technology. To date, Nexa Equity has completed five platform investments and five add-ons in highly attractive end markets.

Kirkland & Ellis LLP served as legal counsel to Nexa Equity, and FirstPoint Equity served as placement agent.