Frontier Capital Closes $700 Million Growth Equity Fund

Choate recently advised Frontier Capital on the closing of its significantly oversubscribed Frontier Fund V at $700 million. This is the fourth consecutive oversubscribed fund raised by Frontier and brings the total capital commitments received since Frontier's inception in 1999 to $1.5 billion.

As a leading growth equity partner for lower middle-market software and tech-enabled business services companies, Frontier will continue to implement its "Smart Growth" strategy, which seeks to transform high-growth companies into market leaders through shared values, alignment and a thoughtful and measured approach. Frontier Fund V has the ability to invest $15 million to $75 million per position.

The Choate team was led by partner Howard Rosenblum and included partner Tim Becker and associate Anthony Cahill.