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commonwealthvc.com

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Investments

160

Portfolio Exits

50

Funds

1

About Commonwealth Capital Ventures

Commonwealth Capital Ventures was founded in 1995. With more than $580 million of committed capital under management, the firm has invested in roughly 140 companies. The current $250 million fund closed in early 2007 and is appropriately sized to focus on early stage opportunities and later stage venture growth enterprises.

Commonwealth Capital Ventures Headquarter Location

Bay Colony Corporate Ctr 950 Winter Street, Suite 4100

Waltham, Massachusetts, 02451,

United States

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Latest Commonwealth Capital Ventures News

Perreault joins Pamplona Capital

Dec 15, 2015

Pamplona Capital Management said Monday that Justin Perreault has joined as a partner. Perreault was previously with Commonwealth Capital Ventures where he co-managed three growth and early stage technology funds with $600 million of committed capital. PRESS RELEASE LONDON and NEW YORK, December 14, 2015 /PRNewswire/ — Pamplona Capital Management (“Pamplona”), a leading global specialist investment manager, is pleased to announce the appointment of Justin Perreault as a partner as it continues to build its US-based private equity presence. Mr. Perreault, who will be based in Boston, has over twenty years of information technology private investing and operating experience, and will be focussing on investing in the technology, media and telecom sectors. He joins the business from Commonwealth Capital Ventures, where he co-managed three growth and early stage technology funds with $600 million of committed capital. Prior to starting at Commonwealth Capital Ventures in 1999, he also worked at Object Design Software, Inc., Harvard Private Equity Group and McKinsey & Co. Mr. Perreault holds a Bachelor of Science in Mechanical Engineering from Rensselaer Polytechnic Institute, summa cum laude, as well as an MBA from Harvard Business School. His appointment increases the number of partners based in the US to five. Last month Pamplona agreed to acquire MedAssets, a leading healthcare performance improvement company that serves four out of every five hospitals in the United States. Other transactions this year have included the sale of a significant minority interest in OGF, the leading funeral services provider in France, to Ontario Teachers’ Pension Plan; the acquisition of Precyse, a leader in Health Information Management services, education and technology; the sale of a controlling stake in Alvogen to a CVC Capital Partners led investment consortium; and the acquisition of Partner in Pet Food, one of Europe’s leading pet food producers. About Pamplona Capital Management: Pamplona Capital Management is a London and New York based specialist investment manager established in 2005 that provides an alternative investment platform across private equity, fund of hedge funds and single manager hedge fund investments. Pamplona Capital Management, LLP manages over USD 10 billion in assets across a number of funds for a variety of clients including public pension funds, international wealth managers, multinational corporations, family offices and funds of hedge funds. Pamplona is currently managing its fourth private equity fund, Pamplona Capital Partners IV LP, which raised $4 billion in 2014. Pamplona invests long-term capital across the capital structure of its portfolio companies in both public and private market situations. Please seePamplonafunds.com for further information. © 2015 Buyouts Insider / Argosy Group LLC

Commonwealth Capital Ventures Investments

160 Investments

Commonwealth Capital Ventures has made 160 investments. Their latest investment was in Encamp as part of their Series B on March 3, 2021.

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Commonwealth Capital Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/5/2021

Series B

Encamp

$12M

Yes

3

10/9/2020

Series B - II

LogicGate

$8.75M

Yes

4

3/26/2020

Series C

Lessonly

$15M

Yes

8

10/10/2016

Series C

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$99M

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10

4/14/2016

Series D - II

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$99M

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10

Date

3/5/2021

10/9/2020

3/26/2020

10/10/2016

4/14/2016

Round

Series B

Series B - II

Series C

Series C

Series D - II

Company

Encamp

LogicGate

Lessonly

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Amount

$12M

$8.75M

$15M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

4

8

10

10

Commonwealth Capital Ventures Portfolio Exits

50 Portfolio Exits

Commonwealth Capital Ventures has 50 portfolio exits. Their latest portfolio exit was Lessonly on August 16, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/16/2021

Acquired

2

8/24/2020

Acquired

$99M

4

10/23/2019

Acquired

$99M

1

11/17/2017

Acquired

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$99M

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10

8/14/2017

Acq - Fin

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$99M

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10

Date

8/16/2021

8/24/2020

10/23/2019

11/17/2017

8/14/2017

Exit

Acquired

Acquired

Acquired

Acquired

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

4

1

10

10

Commonwealth Capital Ventures Fund History

1 Fund History

Commonwealth Capital Ventures has 1 fund, including Commonwealth Capital Income Fund-I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/19/2016

Commonwealth Capital Income Fund-I

1

Closing Date

9/19/2016

Fund

Commonwealth Capital Income Fund-I

Fund Type

Status

Amount

Sources

1

Commonwealth Capital Ventures Team

7 Team Members

Commonwealth Capital Ventures has 7 team members, including current General Partner, Stephen McCormack.

Name

Work History

Title

Status

Michael T. Fitzgerald

Founder

Current

Stephen Hallowell

Founder

Current

Jeffrey Hurst

Founder

Current

R. Stephen Mccormack

Founder

Current

Stephen McCormack

3i Group, Merrill Lynch Venture Capital, Interactive Data, and BNY Mellon

General Partner

Current

Name

Michael T. Fitzgerald

Stephen Hallowell

Jeffrey Hurst

R. Stephen Mccormack

Stephen McCormack

Work History

3i Group, Merrill Lynch Venture Capital, Interactive Data, and BNY Mellon

Title

Founder

Founder

Founder

Founder

General Partner

Status

Current

Current

Current

Current

Current

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