Edison Partners IX raises $365m

The Princeton-based investment firm held a final close of its ninth technology fund.

Edison Partners held a final close of its ninth fund, Edison Partners IX, at $365 million. The size of the fund at closing far exceeds the original target of $300 million.

The North American growth fund strives to invest in technological sectors within the healthcare, financial and enterprise solutions industries. Notable commitments to the fund include insurance companies, pension plans and endowments such as American Family Insurance, Rutgers University and New Mexico Educational Retirement Board.

The fund’s predecessor vehicle, Edison VIII, closed at $276 million in 2016.