It used to take a while to amass $5 billion in assets under management. Not so for Lead Edge Capital, a 12-year-old California- and New York-based growth-equity firm that just surpassed that amount, closing its sixth and newest fund with a whopping $1.95 billion in capital commitments from roughly 500 investors.
The pool follows a $950 million fund that Lead Edge closed in October 2020 — also from around 500 investors — and which brought the firm’s assets at the time to $3 billion. (Lead Edge also runs a $150 million “public-only” fund that it created at the behest of its investors last year, according to firm founder Mitchell Green.)
Even in a day and age where money is flowing freely to tech investors — as mentioned on Monday, venture firms ar …
