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Investments

5

Portfolio Exits

2

Funds

1

About Direct Equity Partners

Launched in 2014, Direct Equity Partners is an exclusive investment program sponsored by Credit Suisse Securities (USA) LLC ("CSSU") that seeks capital appreciation through investments in private equity, venture capital, and real estate. Overseen by an experienced CSSU team and built on a distinctive deal-by-deal structure, the program is global in scope with a focus on developed markets and larger emerging market countries. Direct Equity Partners generally seeks investments (primary and secondary) with a minimum investment of USD 20 million alongside experienced sponsors/co-investors in companies/assets that have strong market positions and management teams.

Direct Equity Partners Headquarter Location

Switzerland

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Latest Direct Equity Partners News

Applause raises $35 million to grow its ‘in-the-wild’ software-testing services

Sep 14, 2016

Image Credit: Shutterstock App testing firm Applause has raised a fresh $35 million round led by Credit Suisse’s Direct Equity Partners, with participation from Accenture and previous investors, including Goldman Sachs’s Merchant Banking Division, QuestMark Partners, Scale Venture Partners, Longworth Venture Partners, Mesco Ltd, and MassVentures. Previously known as uTest , before a rebrand back in 2014, Applause has developed a  form of app testing  that side-steps contrived laboratory settings and taps thousands of real-world users from around the globe, garnering useful feedback in the process. It’s less about early-stage testing than it is about focusing on the post-launch phase of an app, helping developers combat bugs, improve design, and tackle any potential problem before it escalates. The company claims some big-name clients, including Google, Microsoft, BMW, Fox, and Runkeeper. Founded in 2007, the Massachusetts-based company had raised around $80 million before this latest announcement, with its previous $43 million Series E round taking place in early 2014. The fresh cash influx will be used to expand its digital testing services, as it invests in everything from web and mobile to wearables and the Internet of Things (IoT). The company says it will also grow its usability feedback service, as well as launching a new digital research offering to identify what end-users want in advance — something it has been carrying out for brands on an informal basis for the past year. It’s expected this will launch as an official service in the coming months. “Digital experiences — from web to mobile to IoT to brick-and-mortar — are the epicenter of competition in many industries, including retail, restaurants, travel, banking, insurance, and manufacturing,” said Applause CEO Doron Reuveni. “Late-stage funding from leaders like Credit Suisse and Accenture enables us to double down on expanding our solutions.” As part of its strategic investment, Accenture is also forming an alliance with Applause, one that allows Accenture to sell Applause’s crowdtesting services to any of its own clients. Sign up for Funding Daily : Get the latest funding news in your inbox every weekday. Press Releases

Direct Equity Partners Investments

5 Investments

Direct Equity Partners has made 5 investments. Their latest investment was in Applause as part of their Series F on September 9, 2016.

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Direct Equity Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/14/2016

Series F

Applause

$35M

Yes

5

4/9/2015

Series H

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$99M

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10

10/12/2000

Unattributed VC

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$99M

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0

9/5/2000

Series C

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$99M

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0

5/8/2000

Series B

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$99M

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0

Date

9/14/2016

4/9/2015

10/12/2000

9/5/2000

5/8/2000

Round

Series F

Series H

Unattributed VC

Series C

Series B

Company

Applause

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Amount

$35M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

5

10

0

0

0

Direct Equity Partners Portfolio Exits

2 Portfolio Exits

Direct Equity Partners has 2 portfolio exits. Their latest portfolio exit was Aquantia on November 03, 2017.

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

11/3/2017

IPO

$99M

7

8/23/2017

Acq - Fin

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10

Date

11/3/2017

8/23/2017

Exit

IPO

Acq - Fin

Companies

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Valuation

$99M

Acquirer

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Sources

7

10

Direct Equity Partners Fund History

1 Fund History

Direct Equity Partners has 1 fund, including Direct Equity Partners I LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/1999

Direct Equity Partners I LP

Diversified Private Equity

Closed

$100M

1

Closing Date

12/31/1999

Fund

Direct Equity Partners I LP

Fund Type

Diversified Private Equity

Status

Closed

Amount

$100M

Sources

1

Direct Equity Partners Team

6 Team Members

Direct Equity Partners has 6 team members, including current President, Patricia G Campbell.

Name

Work History

Title

Status

Patricia G Campbell

President

Current

Harry Chevan

Managing Director

Current

Mark DeGennaro

Managing Director

Current

Claire Gruppo

Managing Director

Current

Lee Helman

Managing Director

Current

Name

Patricia G Campbell

Harry Chevan

Mark DeGennaro

Claire Gruppo

Lee Helman

Work History

Title

President

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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