In a compelling signal of investor confidence in enterprise-focused digital innovation, Recognize, the private equity firm co-founded by former Cognizant CEO Francisco D’Souza, has announced the final close of its second fund—Recognize Partners Fund II—with over $1.7 billion in commitments.
This follows the firm’s successful debut fund of $1.3 billion, bringing Recognize’s total capital raised to more than $3 billion in just a few years.
What Recognize Is Betting On
Built as an “investor-operator” model, Recognize is focused on digital services companies that sit at the intersection of AI, software, cloud platforms, and enterprise transformation. The firm backs founders and management teams who are driving innovation in sectors where technology can redefine customer outcomes—especially in industries like cybersecurity, infrastructure, insurance, and healthcare.
The new fund will focus on investing in companies with enterprise values between $50M and $500M, with a clear path to scaling through operational value-add and strategic guidance.
Key Highlights:
- Fund II was oversubscribed, closing within just five months of launch.
- The capital came from top-tier institutions across North America, Europe, Asia, and Latin America—including endowments, pension funds, family offices, and fund-of-funds.
- In the last six months, Recognize has deployed capital into:
- SDG Corporation (Cybersecurity)
- Sprout (Digital Infrastructure)
- TRANZACT (Insurance Distribution Tech)
- HealthEdge (SaaS for Healthcare Payers)
- Exits include:
- AST, sold to IBM
- Torc, an AI-driven talent platform acquired by Randstad
