Cognizant’s former CEO’s investment firm Recognize raises $1.7 billion in second fund

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Recognize Partners Overview

  • Type: Technology services-focused private equity firm
  • Co-founders:
    • Francisco D’Souza (Former chief of Cognizant)
    • Charles Phillips (Former president of Oracle)
    • David Wasserman (Former partner at Clayton, Dubilier & Rice)

Funds:

  1. Recognize Fund II

    • Amount Raised: Over $1.7 billion (around ₹14,580 crore)
    • Investment Range: Companies with enterprise values between $50 million and $500 million
    • Average Ticket Size: Around $100 million
  2. Recognize Fund I
    • Amount Raised: $1.3 billion
    • Investments Made: 13 investments + 1 likely upcoming

Investments:

  • New Platform Investments:

    1. SDG Corporation (Cybersecurity services)
    2. Sprout (Digital infrastructure services)
    3. TRANZACT (Insurance services)
    4. HealthEdge (SaaS player in healthcare, from Fund II)
  • Exits from Fund I:
    1. Torc (AI-based talent platform sold to Randstad)
    2. AST (Sold to IBM)
    3. Partial exit of 2X (Strategic investment by Insight Partners)

Fundraise Series:

  • Inaugural Fund: Recognize Fund I (raised in 2022)
  • Second Fund: Recognize Fund II (recently raised)

Dates:

  • Fund I: Raised in 2022 (exact date not specified)
  • Fund II: Recently raised (exact date not specified)

Investors:

  • Types of Investors:
    • Endowments
    • Foundations
    • Pension funds
    • Insurers
    • Family offices
    • Outsourced Chief Investment Officers (CIOs)
    • Fund-of-funds
  • Geographical Diversity: Investors from the US, Europe, Asia, and Latin America

This information encapsulates the key details of Recognize Partners, its funds, investments, and founders. If you have any specific areas you would like to explore further, let me know!

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2025-06-30 15:09:33