Recognize Partners Fund II closes at over $1.7 billion in under five months

Recognize, an investor in and builder of next-generation Digital Services companies, has announced the final close of its second fund, Recognize Partners II/II-A, L.P., with over $1.7 billion in total commitments.

Recognize II was oversubscribed and reached its hard cap less than five months from launch, with strong support from existing investors, including a significant GP commitment, and a curated group of new investors. The LP base includes leading global institutions such as endowments, foundations, pensions, insurers, family offices, outsourced CIOs and fund-of-funds across the U.S., Europe, Asia, and Latin America.

Co-founded by Managing Partners Francisco D’Souza, Charles Phillips, and David Wasserman, Recognize seeks to back visionary founders and management teams who are building differentiated businesses that leverage AI, software, and digital platforms to deliver transformative outcomes to enterprises. The firm focuses on companies with enterprise values of approximately $50 - 500 million that Recognize believes offer strong potential for accelerated growth with the support of Recognize’s partnership-driven value creation approach.

Over the last six months, Recognize has made four new platform investments: SDG Corporation (cybersecurity services), Sprout (digital infrastructure services), TRANZACT (insurance services), and HealthEdge (SaaS for healthcare payers). The firm also completed two realization events earlier this year: the exit of AST, sold to IBM, and a partial exit of 2X through a strategic investment by Insight Partners. In 2024, Recognize also sold Torc, an AI-powered talent platform, to a subsidiary of Randstad.

Rede Partners is proud to have partnered with Recognize on this highly successful fundraise.