Monday, May 12, 2014

Parallax Capital Partners Raises $115M

Laguna Hills-based Parallax Capital Partners, a private equity investor which invests in software and other technology companies, said Monday that it has raised a new, $115M fund for its investments. The company said the new fund is aimed at lower middle market companies with revenues of between $5M and $100M. The fund says it has made three investments so far, but did not disclose the names of those companies. Parallax has previously invested in such companies as Micro Focus, Inovis, TriSyn, MultiGen, Computron, and Daptiv. Names of the limited partners in the new fund were not announced.