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2019-01-08

Serent Capital Expands Presence, Opens Austin Office and Relocates in San Francisco

San Francisco / Austin - January 08, 2019 - Serent Capital, a private equity firm focused on investing in fast-growing software and services businesses, announced the opening of an Austin, Texas office. The new location will be led by Serent Co-Founder and Partner Kevin Frick.

The announcement comes on the heels of an exciting year of activity for Serent Capital. Over the last 12 months, Serent has made 10 new platform investments, made 7 add-on acquisitions, had 2 exits, and expanded the team with 17 new hires.

“We believe the Austin office can play a key role in helping us continue our momentum into 2019 by expanding our access to new talent pools and investment opportunities” said Frick.

Serent is no stranger to Texas having committed over $150 million across 7 portfolio companies within the state since 2010: Tricolor Auto (2010), Cardon Outreach (2011), United Allergy Services (2012), Optimal Blue (2012), Compeat (2015), Axiom Medical (2018), and GDS Link (2018).

“We have recognized Texas as a home to many great entrepreneurs and businesses and are thrilled to be joining the state and Austin’s vibrant and thriving entrepreneurial community” added Frick.

Serent will also be moving to a new San Francisco location on February 1st, 2019: Three Embarcadero Center, Suite 410. The new location has an expanded footprint and will be led by Partners David Kennedy and Lance Fenton.

For further information, please contact info@serentcapital.com.

About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers' needs. As those businesses grow and evolve, the opportunities and challenges that they face evolve with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating those challenges through their experiences as CEOs, strategic advisors, and board members to successful growing businesses. By bringing its experience and capital to bear, Serent helps growing businesses thrive.

 

 

Disclaimer
This information is intended exclusively for the use of the person to whom it was delivered on behalf of Serent Capital Management Company, L.L.C. ("Serent") and may not be reproduced or used for any other purpose. It does not constitute an offer to sell or the solicitation of an offer to buy interests in any private investment vehicle managed by Serent (collectively, the "Funds"). Offers and sales will be made only pursuant to a confidential private placement memorandum (the "Memorandum"), which describes the terms and risks of an investment. Nothing presented herein is intended to constitute investment advice, nor sales material, and no investment decision should be made based on any information provided herein. Information provided reflects Serent's views as of a particular time and are subject to change without notice. Any forward looking statements or forecasts are based on assumptions and actual results are expected to vary from any such statements or forecasts. While Serent has used reasonable efforts to obtain information from reliable sources, we make no representations or warranties as to the accuracy, reliability, or completeness of third party information presented herein.

Past performance is not indicative of future results. There can be no guarantee that any investment strategy employed by Serent will be successful. An investment in the Funds managed by Serent is speculative, illiquid, and involves a high degree of risk, including possible loss of principal.

The portfolio companies highlighted do not necessarily represent all of the investments made or recommended by Serent, and it should not be assumed that the specific investments identified and discussed herein were or will be profitable. It should be specifically noted that not all transactions entered into by Serent will be profitable or will equal the performance of the companies described herein. No guarantee of investment performance is being provided and no inference to the contrary should be made. A full list of portfolio holdings is available on Serent's website.