Nexa Equity Fund II LP successfully closed with $390 million in capital commitments, reaching above its hard cap.
The fund's limited partners consist of a mix of returning and new institutional investors, boosting Nexa's total assets under management to over $1 billion.
Nexa focuses on investing in founder-led software businesses operating in niche markets, particularly in vertical SaaS companies, with a growth profile of more than 25% year-over-year.
The firm has recently formed Ladle, a platform that combines Nexa-backed portfolio companies to offer services to customers at over 18,000 locations worldwide.