BVP Forge Closes Second Fund at $1 Billion

Innovative private equity strategy receives strong reception leading to Forge II expansion

REDWOOD CITY, Calif.--(BUSINESS WIRE)--BVP Forge, a private equity firm for growth-oriented, self-sustaining businesses integrated with the assets and resources of the Bessemer Venture Partners platform, today announced it has closed $1 billion in capital commitments for its second fund, Forge II. The oversubscribed fund closed in four months, bringing total assets under management to $2.3 billion, and demonstrates strong market validation for BVP Forge's approach of combining specialized private equity operational resources with direct access to Bessemer’s global venture platform.

“The demand for Forge II reflects conviction in our strategy and is a testament to the strength of the platform. We’re grateful for the support and confidence we received from our new and returning limited partners,” said Rob Arditi, partner at BVP Forge.

BVP Forge launched four years ago focused on growth buyout and significant minority investments in self-sustaining technology and services businesses with $10-50 million in revenue. With its first $780 million fund, BVP Forge has built a portfolio of nine companies to date. The firm helps management teams grow their businesses through its ForgeEdge™ program, which strengthens systems, processes, and talent across key functions from engineering to go-to-market. Bessemer's global investing platform and portfolio has also brought the Forge portfolio one-of-a-kind access to leading-edge AI innovation resources across product and operations.

BVP Forge remains dedicated to its mission of becoming the private equity partner of choice for self-sustaining businesses, and is expanding its capabilities in Forge II by augmenting the ForgeEdge™ platform, adding talent, and growing its investing roadmaps.

“BVP Forge is a differentiated business-building partner for successful, self-sustaining companies. It delivers bespoke operational resources through ForgeEdge™ and access to the early stage technology insights and resources of the Bessemer platform—filling a critical gap for management teams seeking a private equity partner,” said Navid Oreizy, partner at BVP Forge. “With Forge II, we're excited to bring our approach to even more companies as we expand deeper into the sectors in which we invest.”

About BVP Forge

BVP Forge is a private equity firm for growth-oriented, self-sustaining technology and services businesses paired with access to the Bessemer Venture Partners platform. BVP Forge combines Bessemer’s front-line industry insights, proven growth IP, and legendary executive network with tailored resources for self-sustaining companies and ForgeEdge™ strategic resources. Mission-driven teams gain an ally who values their expertise, respects their legacy, and supports them to build a winning culture and business that withstands the test of time. BVP Forge manages $2.3 billion AUM in partnership with the $19 billion Bessemer Venture Partners venture platform that has backed industry defining businesses such as LinkedIn, MindBody, PagerDuty, Procore, ServiceTitan, Shopify, Toast, and Twilio. For more information about BVP Forge, visit https://www.bvp.com/forge.