GrowthCap

General Atlantic leads first close of $1 billion in SambaNova at an $11 billion valuation. SambaNova, founded in 2017 and based in California, builds full-stack AI infrastructure centered on its RDU architecture for premium, high-speed inference across enterprises, neo-clouds, service providers and sovereign AI programs. The company completed a first close of $1 billion in financing at an $11 billion post-money valuation, a round General Atlantic led with participation from Seligman Ventures, T. Rowe Price and Capital Group. Alongside the raise, JPMorganChase named SambaNova an inference partner, deploying its SN40 and SN50 systems for secure on-premises AI inference. Proceeds will expand capacity, accelerate product work and scale deployments worldwide. Martín Escobari, General Atlantic's Co-President and Head of Global Growth Equity, said inference has become foundational to enterprise transformation and demand is outrunning supply. General Atlantic is included on the Leaderboard (https://lnkd.in/gnwb_XC7), which consists of top-tier private equity and growth equity firms vetted and qualified by GrowthCap. Nominate a Top Software Investor of 2026 at https://lnkd.in/g9hfKiY

Bregal Sagemount makes strategic growth investment in Pandion Optimization Alliance. Founded in 1925, Pandion Optimization Alliance is a group purchasing organization serving more than 16,000 members across some 60,000 sites nationwide. Pandion’s member retention is above 99% and its supplier contracts span foodservice, healthcare, pharmacy and business services. The company has closed four acquisitions in five years and grown committed spend at a 31.6% CAGR, concentrated in the non-acute healthcare market. Bregal Sagemount's growth investment includes a multi-hundred-million-dollar commitment for further M&A and expansion. Phil Yates and Connor Pams, who have led all of Sagemount's prior group purchasing investments, join Pandion's board together with Curt Witte, the firm's Head of Growth Factors. Bregal Sagemount is included on the Leaderboard (https://lnkd.in/gnwb_XC7), which consists of top-tier private equity and growth equity firms vetted and qualified by GrowthCap. Nominate a Top Software Investor of 2026 at https://lnkd.in/g9hfKiY

Serent Capital closes oversubscribed $1.3 billion Fund VI. Serent Capital VI closed with $1.3 billion in commitments, the largest fund in the firm's history and an oversubscribed raise that lifts Serent's total capital raised past $5 billion. The firm invests in bootstrapped, founder-led software and technology-enabled services companies, taking both majority and minority positions in businesses with strong product-market fit and durable models. Existing investors backed the fundraise, which led to it being more than 2x oversubscribed, allowing Serent to complete a single close in under 90 days while adding a small group of new investors. Its Growth Team of more than 25 professionals supports go-to-market, executive recruiting and AI initiatives across the portfolio, and the team has partnered with more than 100 software and technology-enabled services companies. Serent Capital is included on the Leaderboard (https://lnkd.in/gnwb_XC7), which consists of top-tier private equity and growth equity firms vetted and qualified by GrowthCap. Nominate a Top Software Investor of 2026 at https://lnkd.in/g9hfKiY

Long Ridge Equity Partners makes growth investment in GoCharting. GoCharting operates what it bills as the first fully web-native orderflow charting platform, used by over 3 million traders. Founded by Sushanta Deb and Ragunath Ramaswamy, who met on GitHub in 2020 and built the company remotely between Luxembourg and Chicago, it brings institutional-grade tools to the browser with real-time futures data from CME, COMEX, NYMEX and CBOT. Long Ridge's growth investment will fund US and global expansion, a deeper product suite and AI-assisted trading workflows. Oleg Mukhanov, previously CEO of TradingView, joins the company as President and COO, while Salomon Sredni, who formerly served as President and CEO of TradeStation Group, takes on the role of Chairman. Long Ridge Equity Partners is included on the Leaderboard (https://lnkd.in/gnwb_XC7), which consists of top-tier private equity and growth equity firms vetted and qualified by GrowthCap. Nominate a Top Software Investor of 2026 at https://lnkd.in/g9hfKiY

B Capital closes oversubscribed $500 million Ascent Fund III at its hard cap. Ascent Fund III is B Capital's third early-stage vehicle, backing founders across healthcare, enterprise, energy and frontier technology in North America and Asia. The final close reached the fund's $500 million hard cap, nearly double the $254 million predecessor from 2022, and was oversubscribed. More than 20 companies have already been funded, including humanoid-robotics maker Apptronik, autonomous-maritime firm Havoc AI, and space-power venture Star Catcher. The close lifts B Capital's assets under management above $12 billion. Howard Morgan, Co-Founder and General Partner at B Capital, tied the raise to his conviction that AI is opening opportunities across every industry, with the winners identified earliest. B Capital is included on the Leaderboard (https://lnkd.in/gnwb_XC7), which consists of top-tier private equity and growth equity firms vetted and qualified by GrowthCap. Nominate a Top Software Investor of 2026 at https://lnkd.in/g9hfKiY

Bregal Milestone closes oversubscribed Fund III at its increased €915 million hard cap. Bregal Milestone III, the firm's third fund, reached a final close at an increased hard cap of €915 million, oversubscribed and completed eight months after first close in a tough fundraising market. The vehicle backs mission-critical B2B software, AI and cybersecurity businesses, combining sector-focused sourcing with active partnership. Two platform investments are already complete, with a proprietary pipeline building behind them. Commitments have come from insurers, pension plans and asset managers across Europe, North America, South America and Asia. Co-founders Jan Bruennler, Philippe Lautenberg and Cyrus Shey framed the result as conviction in the firm’s approach to scaling European software. Bregal Milestone is included on the Leaderboard (https://lnkd.in/gnwb_XC7), which consists of top-tier private equity and growth equity firms vetted and qualified by GrowthCap. Nominate a Top Software Investor of 2026 at https://lnkd.in/g9hfKiY

Thoma Bravo completes sale of HCSS to Nemetschek Group, retains minority stake. Headquartered in Texas, HCSS is a leading construction-management software provider for North America’s infrastructure and heavy-civil contractors, serving more than 4,000 companies with roughly 550 employees and about $215 million in revenue in 2025. Nemetschek Group has completed its acquisition of HCSS from Thoma Bravo, with HCSS joining Nemetschek’s Build & Construct segment alongside Bluebeam, GoCanvas and Nevaris The combination expands the unit’s addressable market to an estimated $12 billion by 2028. Rather than a full exit, Thoma Bravo has taken roughly a 28% minority stake in the combined Build & Construct segment, with Nemetschek holding approximately 72%, underscoring the firm’s continued confidence in HCSS’s growth trajectory. Thoma Bravo is included on the Leaderboard (https://lnkd.in/gnwb_XC7), which consists of top-tier private equity and growth equity firms vetted and qualified by GrowthCap. Nominate a Top Software Investor of 2026 at https://lnkd.in/g9hfKiY

Ampersand Capital Partners joins Corten Capital in acquisition of Beacon Intelligence. Founded in 2015 within the Hanson Wade Group, London-based Beacon Intelligence is a drug-development intelligence platform used daily by more than 300 life-sciences customers, including 24 of the world’s 30 largest pharmaceutical companies. The company helps its clients track competitive pipelines, identify licensing and acquisition opportunities, and inform R&D investment decisions. Corten Capital has acquired majority ownership of Beacon from the Hanson Wade Group, backed by Graphite Capital, with Ampersand Capital Partners investing alongside as a minority co-investor. Ampersand General Partner David Anderson will join Beacon’s board together with Corten Capital, while Sati Sian continues as Chair. Ampersand Capital Partners is included on the Leaderboard (https://lnkd.in/gnwb_XC7), which consists of top-tier private equity and growth equity firms vetted and qualified by GrowthCap. Nominate a Top Software Investor of 2026 at https://lnkd.in/g9hfKiY

Insight Partners leads $95 million investment in Higharc. Higharc is a North Carolina-based homebuilding AI company that generates homes as structured spatial data, covering design, permitting, estimating and construction workflows in place of AutoCAD and other point solutions. Insight Partners led the $95 million round, joined by Wellington Management alongside existing backers Fifth Wall, Spark Capital, Lux Capital and others. The new capital will fund product development and extend the platform to a broader segment of homebuilding suppliers. This marks Insight Partners’ first investment in Higharc, whose platform the firm views as setting the standard for AI-driven design and construction workflows, allowing customers to reduce product development cycles from months or years to weeks or days while increasing margins by 10-15%. Insight Partners is included on the Leaderboard (https://lnkd.in/gnwb_XC7), which consists of top-tier private equity and growth equity firms vetted and qualified by GrowthCap. Nominate a Top Software Investor of 2026 at https://lnkd.in/g9hfKiY

Altamont Capital Partners sells Cotton Patch Cafe to Local Favorite Restaurants. Founded in Texas in 1989, Cotton Patch Cafe is a scratch-kitchen comfort-food chain with 46 locations across Texas and New Mexico. The brand has stayed closely tied to the towns it operates in and supports local causes and neighbors facing hardship. Altamont Capital Partners has sold the brand to Local Favorite Restaurants, the Dallas-based group that also owns El Fenix, Snuffer’s and Twisted Root Burger Company. During Altamont's ownership, Cotton Patch built six consecutive quarters of positive same-store sales and traffic growth, positioning the brand for its next chapter under Local Favorite. Altamont Capital Partners is included on the Leaderboard (https://lnkd.in/gnwb_XC7), which consists of top-tier private equity and growth equity firms vetted and qualified by GrowthCap. Nominate a Top Software Investor of 2026 at https://lnkd.in/g9hfKiY