HighBar Partners, a Menlo Park, CA-based private equity investor, announced that HighBar Partners III, L.P. has raised $100 million of strategic capital from Sixth Street, a leading global investment firm.
This innovative transaction will enable HighBar to make add-on acquisitions and investments across its current portfolio companies, thereby accelerating their next phases of growth and scale.
Founded in 1995, HighBar is a private investment firm that provides strategic growth capital to enterprise and infrastructure software companies with a focus on long-term value creation. HighBar is an engaged investor that partners with and develops successful businesses by working with management teams and existing investors.
“We are thrilled to partner with Sixth Street, as this transaction provides HighBar with a significant opportunity to deliver strategic transformation, sustained product differentiation, and innovation across our Fund III portfolio with the support of a leading investor in this market segment,” said John H. Kim, Managing Partner of HighBar.
“We are excited to partner with HighBar to provide it with greater flexibility to continue to invest in growth across its portfolio,” said Vijay Mohan, Co-Founder and Partner of Sixth Street. “This is a great example of the partnerships our Portfolio & Fund Solutions team forms with investment businesses, where we draw on Sixth Street’s deep bench of sector specialists to understand portfolios and then create customized solutions to drive strategic growth.”
Simpson Thacher & Bartlett LLP is serving as legal advisor to Sixth Street and Kirkland & Ellis LLP is serving as legal advisor to HighBar Partners.