Fund To Capitalize on Increasing Pace of Innovation Across Global Technology

Marks Third Consecutive Above-Target Fundraise

Glade Brook Capital Partners (“Glade Brook” or the “Firm”), a leading global growth equity investment firm, today announced the oversubscribed final close of Glade Brook Strategic Growth Fund IV (“SG IV” or the “Fund”) with $515 million in capital commitments. With support from new and existing investors, the Fund exceeded its $450 million target and is focused on growth equity investments in early-, mid- and late-stage companies with significant secular tailwinds. The Fund builds upon the Firm’s momentum across – and successful monetizations in – Strategic Growth Funds I, II and III.

With SG IV, Glade Brook seeks to partner with best-in-class founders and management teams to unlock and compound value through market cycles. The Firm will look to partner with approximately 12 to 15 companies, evaluating businesses at all stages: from early-stage companies with high convexity to late-stage, high-quality compounding businesses. SG IV will invest across geographies and in sectors benefiting from secular tailwinds, including FinTech, AI, SpaceTech, DefenseTech and e-Commerce. Glade Brook has already deployed more than 65% of SG IV, including investments in Revolut, Stripe, Stoke Space, Zepto, Perplexity and Saronic Technologies.

“We are thrilled to announce the final close of SG IV and are grateful to our investors who continue to have strong conviction in our strategy and ability to deliver consistently strong returns,” said Paul Hudson, Founder and Chief Investment Officer of Glade Brook. “We remain bullish on the pace of innovation and believe the coming years will be transformative for the technology ecosystem. We look forward to partnering with innovative founders and management teams that are building the next generation of great companies.”

“Amid a challenging fundraising environment, this successful fundraise is a testament to the strength of our proven investment process and our ability to drive outsized returns throughout market cycles,” said Kyle Daniel, Chief Operating Officer at Glade Brook. “SG IV will deploy this same investment process, leveraging our domain expertise, global perspective and disciplined research-based approach to identify idiosyncratic investment opportunities. We are also excited to continue to grow our high performing team to further expand the Glade Brook platform.”

SG IV received commitments from new and existing partners, including leaders from the technology ecosystem and endowment, insurance, family office, RIA and sovereign wealth communities. The SG IV fundraise builds on the Firm’s track record of oversubscribed commitments, following the close of Glade Brook Strategic Growth III with $430 million in capital commitments in 2022.

About Glade Brook Capital Partners

Glade Brook Capital Partners is a global investment firm specializing in global growth equity, with a focus on technology and technology-enabled businesses. The firm partners with entrepreneurs and management teams to accelerate growth and maximize long-term shareholder value, from growth stage through IPO and more. With $2.5 billion in assets under management, the firm targets companies at key inflection points and leads growth financing rounds at Series B and beyond. Founded in 2011, Glade Brook has partnered with transformative growth-stage companies, including SpaceX, Stripe, Revolut, Zepto, xAI, Pixxel, Stoke Space, Airbnb, Uber and Zomato, among others. For more information on Glade Brook, please visit: www.gladebrookcapital.com.

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