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Growth Equity
FINANCE | Investment Firms & Funds
pivotinvestment.com

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Investments

26

Portfolio Exits

3

Funds

1

About Pivot Investment Partners

Pivot Investment Partners is a team of CEO-level operating executives who have grown and transformed financial services businesses around the world. They work closely with a select set of high-potential financial services and FinTech companies, investing both operating expertise and capital in their success and accelerated growth.

Pivot Investment Partners Headquarter Location

630 Fifth Ave Suite 3208

New York, New York, 10111,

United States

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Latest Pivot Investment Partners News

Bank of America deepens ties to iCapital alts platform with strategic investment

Jun 23, 2022

“We are honored to have the support of Bank of America to further iCapital’s mission to provide financial advisers with a complete alternative investing solution,” Calcano said in a statement. “We look forward to continuing to work with the Bank of America team to enhance our platform to best meet the needs of its Merrill and Private Bank advisers seeking a range of alternative investments for their high-net-worth clients.” Bank of America joins a long list of outside investors in the iCapital platform, but also deepens a unique relationship between the two companies. In 2019, iCapital acquired BofA’s feeder fund business, which enables qualified high-net-worth investors to gain access to various alternative strategies without having to meet investment minimums that can be as high as $20 million. This latest investment comes at a time when financial advisers are increasingly seeking out alternative investments such as private equity, private credit and real estate for client portfolios, driven by diminished return expectations in the public markets, and a demand for greater diversification to counterbalance higher market volatility. “Global alternatives solutions providers are very hot presently,” said Daniel Seivert, chief executive of Echelon Partners. “It is indeed more rare these days to see national banks making investments in wealth and investment managers, but given the relationship between the two firms it makes more sense,” Seivert said. “BofA is fortunate to get in at the valuation of the last round and are likely wishing they had made an investment earlier given the attractive annual increases in iCapital’s valuation.” Nancy Fahmy, head of alternative investments at Bank of America, said the two companies “share the belief that alternative investments are an important component of a well-diversified portfolio and it is critical to increase access, education and service to advisors and their clients.” “Deepening our support of iCapital through a strategic investment is emblematic of the success of our collaborative relationship,” she added. Calcano said the iCapital platform, launched in 2013, is currently benefitting from the convergence of three “megatrends.” He cited the increased wealth of individuals, an increased desire to allocate to alternatives in current market conditions and the benefits of automation that makes investing in alternatives easier. BofA joins the following companies providing iCapital with financial backing: Affiliated Managers Group, Apollo, BlackRock, Blackstone, BNY Mellon, The Carlyle Group, Citi Ventures, Credit Suisse, Goldman Sachs Asset Management, Golub Capital, Hamilton Lane, JPMorgan Chase, KKR, Morgan Stanley, MSD Partners, Noah Holdings, Owl Rock, Ping An Voyager Partners, Pivot Investment Partners, Temasek, UBS, Wells Fargo and WestCap.

Pivot Investment Partners Investments

26 Investments

Pivot Investment Partners has made 26 investments. Their latest investment was in Trovata as part of their Series B on June 6, 2022.

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Pivot Investment Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/7/2022

Series B

Trovata

$27M

No

4

3/15/2022

Series B

Cowbell Cyber

$100M

No

26

11/7/2021

Series E

H2O.ai

$100M

Yes

22

7/27/2021

Private Equity - III

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$99M

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10

7/14/2021

Series C

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$99M

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10

Date

6/7/2022

3/15/2022

11/7/2021

7/27/2021

7/14/2021

Round

Series B

Series B

Series E

Private Equity - III

Series C

Company

Trovata

Cowbell Cyber

H2O.ai

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Amount

$27M

$100M

$100M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

4

26

22

10

10

Pivot Investment Partners Portfolio Exits

3 Portfolio Exits

Pivot Investment Partners has 3 portfolio exits. Their latest portfolio exit was AvidXchange on October 13, 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

10/13/2021

IPO

$99M

Public

16

8/11/2021

Acquired

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$99M

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10

1/14/2021

Acquired

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$99M

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10

Date

10/13/2021

8/11/2021

1/14/2021

Exit

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

Public

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Sources

16

10

10

Pivot Investment Partners Fund History

1 Fund History

Pivot Investment Partners has 1 fund, including Pivot Holdings III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/26/2021

Pivot Holdings III

$20M

2

Closing Date

4/26/2021

Fund

Pivot Holdings III

Fund Type

Status

Amount

$20M

Sources

2

Pivot Investment Partners Team

1 Team Member

Pivot Investment Partners has 1 team member, including current Founder, Managing Partner, Dinkar Jetley.

Name

Work History

Title

Status

Dinkar Jetley

Founder, Managing Partner

Current

Name

Dinkar Jetley

Work History

Title

Founder, Managing Partner

Status

Current

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