Susquehanna launches US private equity arm

The US financial services firm has started a private equity group that will seek expansion stage investment opportunities in the Mid-Atlantic region.

Bala Cynwyd, Pennsylvania-based Susquehanna International Group has launched a new private investment arm called Susquehanna Growth Equity.

The new, US-focused private equity arm of the 20-year old financial services firm is on track to invest $50 million (€38 million) in its first year of operations, according to a statement.

Susquehanna Growth Equity, or SGE, will typically invest $5 million to $30 million in expansion stage companies in the financial technology, business services, and specialty finance industries. Though the company plans to actively seek investment opportunities in the Mid-Atlantic region of the US, it said it will consider deals throughout the US and abroad.

The new affiliate is headed by Amir Goldman. He has more than 12 years of technology investing and corporate finance experience, gained through positions at TL Ventures, BRM Capital and Robertson Stephens. Goldman has particular expertise in helping Israel-based companies develop a North American presence, the firm said.

SGE has already made two investments this year, investing in financial software firm CashEdge and messaging system company 29West.
The new entity is one of several Susquehanna affiliates concerned with private equity. Its San Francisco-based Heights Capital Management focuses on PIPE investments in healthcare and technology; Susquehanna China Venture Capital & Private Equity focuses on private equity investments in China’s consumer, digital media and service sectors; and Susquehanna Europe Holdings focuses on real estate and “special situation opportunities” in mid-sized European companies.

Susquehanna International has more than 12 offices throughout North America, Europe and Asia.