V29 Capital Management Launches as Independent Private Equity Firm Focused on Technology-Enabled Businesses

NEW HAVEN, Conn.--(BUSINESS WIRE)--V29 Capital Management ("V29") today announced its launch as an independent private equity firm focusing on founder-led, technology-enabled businesses at an inflection point in their growth. V29 Capital Management was established as an independent investment firm following its separation from Pritzker Vlock Capital Management. The transaction was backed by funds managed by BlackRock, Sagard, Pomona Capital and other leading firms.

V29 is led by Elon Boms, Founder and Managing Partner. Mr. Boms most recently served as Managing Director at Pritzker Vlock and oversaw more than $1 billion in private assets. Building on the strategy and track record established at Pritzker Vlock, V29 invests in primary and secondary minority positions in technology-enabled businesses approaching or recently achieving consistent profitability.

“Elon has been an invaluable partner to our organization and to the companies that he invests in. I’m proud to see V29 launch as an independent firm, and I look forward to continuing a fruitful relationship with Elon and the V29 team for years to come,” said Karen Pritzker.

V29 invests up to $50 million per investment and expects to make one to three investments per year, an intentionally selective approach to enable deep partner involvement in each of its portfolio companies, while addressing a significant funding need for this segment of firms. V29 has invested in three companies and has raised over $165 million to date.

“Founders who are approaching or have reached profitability have earned options for growth capital, but too often face a choice between expensive venture capital or buyers seeking controlling stakes,” said Elon Boms, Founder and Managing Partner. “We established V29 to give these founders a different option – flexible capital, long-term minority ownership, and a hands-on partnership.”

Elon Boms is joined by Jason Gray, formerly head of the investment team at Pritzker Vlock Capital Management, who partners with him to co-manage V29’s existing portfolio. V29 also works alongside The V29 Collective, a group of senior operators and advisors who contribute expertise in capital structure, governance, talent, restructuring and scaling. Members include senior executives with experience founding, operating and investing in leading companies globally.

About Elon Boms

Elon Boms has over twenty years of experience across venture capital, growth equity and private equity. He co-founded LaunchCapital in 2008, which backed more than 200 companies, and most recently served as Managing Director at Pritzker Vlock Capital Management, the Pritzker Vlock family office, where he oversaw more than $1 billion in private assets. Boms has served on over 40 boards, helped drive dozens of successful exits, and his portfolio companies have raised billions of dollars of capital. He teaches MGT 849, Failure/Success: Comparative Case Studies of Start-Ups, at the Yale School of Management.

About V29 Capital Management

V29 Capital Management is a New Haven-based private equity firm and SEC-registered investment adviser. V29 makes minority investments in founder-led, technology-enabled businesses at the EBITDA-positive inflection point. Learn more at https://www.v29capitalmanagement.com.