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.
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