Recognize, a New York-based Private Equity (PE) firm which invests in next-generation digital companies corporations, has on Friday (June 27, 2025) introduced the closure of its second fund, Recognize II, with over $1.7 billion in complete commitments.
Co-founded by Managing Partners Francisco D’Souza (additionally co-founder and former CEO and Vice Chairman of Cognizant Technologies), Charles Phillips, and David Wasserman, Recognize had raised $1.3 billion in January 2022 below its first fund.
With Recognize II, the firm would proceed to deal with investing in corporations with enterprise values between roughly $50 million and $500 million – companies that Recognize believes provide robust potential for accelerated progress with the assist of Recognize’s partnership-driven worth creation strategy, the PE firm stated.
Recognize II was oversubscribed and closed lower than 5 months from launch, with robust assist from current traders, together with a important GP commitment, and a curated group of new traders, it claimed. The LP base included main world establishments, equivalent to endowments, foundations, pensions, insurers, household places of work, outsourced CIOs, and fund-of-funds, throughout the U.S., Europe, Asia, and Latin America, it added.
Over the final six months, Recognize has made 4 new platform investments: SDG Corporation (cybersecurity companies), Sprout (Digital Infrastructure Services), TRANZACT (insurance coverage companies), and HealthEdge (SaaS for healthcare payers).
The firm additionally accomplished two realisation occasions earlier this 12 months: the exit of AST, bought to IBM, and a partial exit of 2X by way of a strategic funding by Insight Partners. In 2024, Recognize additionally bought Torc, an AI-powered expertise platform, to a subsidiary of Randstad.
These realisations, the firm stated, additional bolstered its thesis that next-generation Digital Services companies have been more and more enticing to strategic consumers.
“We are incredibly grateful for the continued support of our partners,” stated Debbie Park Munfa, Partner and Head of Investor Relations at Recognize. “We remain focused on building Digital Services businesses for the future and partnering with excellent management teams to deliver long-term value for our investors.”
