V29 Capital Management, a newly established private equity firm headquartered in New Haven, Connecticut, has announced its official launch, with a focus on investing in founder-led businesses operating in technology-enabled sectors.
The firm will target companies that have reached the EBITDA-positive stage of growth, offering investment through both primary and secondary minority positions.
V29 Capital Management Begins Independent Operations
V29 Capital Management was established as an independent investment firm following its separation from Pritzker Vlock Capital Management.
The firm is backed by funds managed by BlackRock, Sagard, Pomona Capital and other investment firms.
Its investment strategy centres on acquiring minority interests in businesses that use technology to support their operations and growth.
V29 plans to commit up to $50 million to each investment, with an expected investment rate of between one and three companies annually.
Firm Has Invested in Three Companies and Raised Over $165 Million
Since its establishment, V29 Capital Management has invested in three companies and raised more than $165 million.
Its investment approach focuses on businesses reaching a stage where they have achieved positive earnings before interest, taxes, depreciation and amortisation (EBITDA).
The firm intends to support these companies through minority investments, covering both newly issued shares and existing ownership interests.
Elon Boms Leads the New Investment Firm
V29 Capital Management is led by Founder and Managing Partner Elon Boms, who previously served as a Managing Director at Pritzker Vlock Capital Management.
During his time at the firm, Boms oversaw more than $1 billion in private assets.
He is joined by Jason Gray, who previously led the investment team at Pritzker Vlock Capital Management.
Gray will work alongside Boms in co-managing V29’s existing investment portfolio.
V29 Collective to Provide Operational and Strategic Expertise
Alongside its investment activities, V29 Capital Management will work with The V29 Collective, a network of senior executives, operators and advisers.
The group will provide expertise across several areas, including capital structure, corporate governance, talent management, restructuring and business expansion.
Its membership comprises experienced executives who have founded, operated and invested in leading companies across global markets.
