Frontier Capital surpasses target amount in latest capital fund

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Growth equity firm Frontier Capital announced Wednesday its close on the $700 million Frontier Fund V. Frontier Capital, based in Charlotte, focuses on investments in software and technology-enabled business services companies. This week’s Fund V closing is the culmination of a six-month fundraising effort, which initially listed a target of $500 million. Richard Maclean, managing partner at Frontier Capital, said he was “extremely pleased” with the partners’ response to Fund V. “We...

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