12 May 2014
Parallax

Atlantic-Pacific Capital, the largest privately-owned global placement agent and advisory firm, announced the final closing of Parallax Capital Fund, L.P. (the “Fund”) with over $115 million of capital commitments. Atlantic-Pacific Capital was the global placement agent for the Fund.

“We were honored to have had the opportunity to represent Parallax on its inaugural fund. Investors were drawn to the Firm’s focused strategy of investing in underperforming software companies in the small end of the market, the depth of its in-house operations team, and its impressive track record.”

Managed by Parallax Capital Partners (“Parallax” or the “Firm”), the Fund received support from a leading group of institutional investors, including foundations, endowments, pensions, and consultants. The Fund is continuing Parallax’s strategy of making control equity investments in lower middle market software and related technology companies, which the Firm has executed since its inception in 1999. The Fund has completed three investments to date.

Jim Weidner, Partner at Atlantic-Pacific, said, “We were honored to have had the opportunity to represent Parallax on its inaugural fund. Investors were drawn to the Firm’s focused strategy of investing in underperforming software companies in the small end of the market, the depth of its in-house operations team, and its impressive track record.”

Jim Hale, Founder and Managing Partner at Parallax, added, “Atlantic-Pacific provided critical expertise in raising our first institutional fund and was instrumental in expanding our investor base in the institutional investor community. We are grateful for the support from our highly respected limited partners, and we are sharply focused on investment strategy that we have used in the past.”

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