Denali Growth Partners Raises $400 Million for Second Growth Equity Fund
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BOSTON — Denali Growth Partners ('DGP') announced the final close of Denali Growth Partners Fund II ('Fund II') at $400 million in total limited partner capital commitments. Fund II exceeded its $350 million target, backed by strong demand from both existing and new investors.
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Fund II builds on the success of DGP's debut fund, a $200 million-plus growth equity fund raised in 2021, and advances the firm's strategy of investing in growing, capital-efficient, and profitable companies led by exceptional entrepreneurs. The firm focuses on sectors where its domain expertise aligns with real-world business performance. Such sectors include healthcare, life sciences, professional services, technology-enabled platforms and services, and software.
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'DGP was founded to bring founder-aligned growth capital to companies doing extraordinary things, often outside the limelight,' said Jesse Lane, Founder and Managing Partner of DGP. 'We are incredibly grateful for the trust and support from our limited partners. Their collective conviction in our approach, and in the entrepreneurs we back, has been foundational to everything we do.'
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Fund II attracted a highly respected group of institutional investors, including pension plans, insurance companies, family offices, funds of funds, foundations, endowments, and asset managers.
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To date, DGP has invested in 11 platform companies that collectively generate over $900 million in revenue, produce more than $100 million in EBITDA, and employ more than 3,000 individuals.
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Fund II provides DGP with additional capital to continue its mission of supporting exceptional founders building enduring, capital-efficient, and high-growth businesses.
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