Private Equity agency Recognize closes its second fund with a dedication of $1.7 billion

Recognize, a New York-based Private Equity (PE) agency which invests in next-generation digital companies firms, has on Friday (June 27, 2025) introduced the closure of its second fund, Recognize II, with over $1.7 billion in whole 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 agency would proceed to deal with investing in firms 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 method, the PE agency mentioned.

Recognize II was oversubscribed and closed lower than 5 months from launch, with robust assist from current traders, together with a major GP dedication, and a curated group of latest traders, it claimed. The LP base included main international establishments, comparable to endowments, foundations, pensions, insurers, household workplaces, 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 agency 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 agency mentioned, additional strengthened its thesis that next-generation Digital Services corporations had been more and more enticing to strategic patrons.

“We are extremely grateful for the continued assist of our companions,” mentioned Debbie Park Munfa, Partner and Head of Investor Relations at Recognize. “We stay centered on constructing Digital Services companies for the longer term and partnering with wonderful administration groups to ship long-term worth for our traders.”