Georgian Partners shooting for $1 bln in Fund V launch: G&M

Georgian Partners is preparing to launch a fifth growth equity fund with a target of about $1 billion (US$750 million), according to a report by the Globe and Mail. Georgian recently announced its plans to existing limited partners, the report said. The Toronto-based firm closed Georgian Partners Growth Fund IV last year at its $715 million (US$550 million) hard cap. Founded in 2008 by Managing Partners John Berton, Simon Chong and Justin LaFayette, Georgian is well known in the market for its applied-analytics investment thesis, allied with a focus on applied artificial intelligence, conversational business, and security in software design.