Fund III
$150M Fund Targeting Control Buyouts
of Early-Stage B2B Software Companies
A unique opportunity for qualified investors to capitalize on a growing asset class backed by strong market data.
More Than an Investment:
A Chance to Rewrite the Story
With the launch of Fund III, we’re giving investors the opportunity to get in on the ground floor of an exciting new chapter in early-stage tech investing.
This $150M institutional-grade fund targets 8-10 platform acquisitions, capitalizing on the significant market opportunity created by the current lack of funding options for high-quality B2B tech companies.
Building on the success of our first two pilot funds, it represents a strategic evolution and institutional expansion of our proven, hands-on approach to small-tech transformations.
Fund III Investment Opportunity
Target Investment Profile
- Revenue Range: $3M+ ARR minimum
- Prior Investment: $10M+ invested capital
- Structure: 50-75% equity position
- Industries: B2B Technology, Tech-Enabled Services
- Geographic Focus: North American companies
- Platform Strategy: 8-10 targeted investments with strategic roll-up opportunities
Strong Deal Pipeline
Our proprietary network generates 100% inbound deal flow, with current active opportunities including:
- 4 companies in active diligence
- Multiple LOIs submitted for majority control positions
- Strong pipeline across cybersecurity, B2B SaaS, and tech-enabled services
Investment Terms
These terms are designed for institutional-quality investment with strong downside protection and significant upside potential.
- Target Fund Size: $150M
- Investment Period: 3 years
- Fund Term: 7 years (with possible extensions)
- Target Returns: 3x-4x MOIC, 25-35% Net IRR
- Minimum Commitment: $1M
- GP Commitment: 1% of fund size
- Management Fee: 2.0%
- Carried Interest: 20% after 8% hurdle
Immediate Access:
Annex Cloud Warehouse Deal
Annex Cloud is a premium warehoused deal that will be contributed to Fund III after the first closing, giving investors immediate access to a proven value creation story in motion.
Compelling Investment Highlights:
Mission-critical loyalty platform powering 60+ elite brands including Harley-Davidson, Philip Morris, and TaylorMade
Exceptional entry valuation at <2x revenue with only $650K cash at risk
Rapid operational transformation: Breakeven achieved within 30 days through $3M+ strategic cost reductions
Strong return potential: 3x–7x MOIC over 3-4 years
Immediate growth catalyst: $6M ARR strategic add-on acquisition under LOI
This warehoused opportunity showcases our deal sourcing excellence and provides Fund III investors with day-one exposure to a cash-flowing, enterprise-grade SaaS business with significant expansion potential.
Proven Track Record
Across funds I & II
We didn’t start with a theory. We started by doing the work: acquiring companies, transforming operations, and proving the model works. Funds I and II are fully deployed, faster than traditional PE by a factor of 3-5x. Now we’re scaling what we’ve learned into Fund III.
Our Battle-Tested Playbook
Over the course of 13 acquisitions, we’ve refined a 100-day playbook that enables rapid transformation:
- GP-led acquisition with established processes enabling a quick-close
- Debt restructuring and reorganization to quickly transition to profitability
- Assumption of operational control and integration of centralized shared services
- Measurable expectations set and performance incentives aligned
- Identification of GTM strategies and strategic roll-ups to scale revenue
- Leadership refocused to PE mindset
Why Investors Are Choosing Small-Tech Buyouts
Small-tech buyouts have outperformed the entire private equity industry—not because of financial engineering, but because of what you’d expect: lower competition, faster deployment, and teams who’ve already proven they can build real businesses.
- Exceptional Performance: Small-tech buyouts outperformed the entire private equity industry by 700 basis points
- Lower Competition: Overlooked market with fewer institutional players competing for deals
- Portfolio Diversification: Access to early-stage tech without venture capital risk profiles
- Predictable Returns: Revenue-generating companies with clear paths to profitability
- Faster Deployment: 12-24 month deployment cycles vs. 3-5 years for traditional PE
While others compete for megadeals or chase pattern matches, we’re finding value in companies with strong fundamentals that don’t announce themselves the conventional way.
If you want exposure to the next evolution in private equity, this is the fund to watch.
Key Market Dynamics
Series B and C fundraising hit multi-year lows
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Tech M&A activity continues at depressed levels
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Higher quality small tech assets available at lower valuations
About Edited Capital
Not all great stories have unicorn beginnings.
At Edited Capital, we’re proving that founder-led SaaS and tech-enabled businesses with strong fundamentals and resilient teams create better returns than companies built on a growth-at-all-costs mentality.
We specialize in the overlooked asset class: companies with proven revenue and real customers that don’t fit today’s unicorn-or-bust model.
Why Founders Trust Us
Our managing partners aren’t just investors. They’re former tech founders and operators who’ve lived the impossible decisions, navigated the setbacks, and built companies that created lasting value.
This operational credibility creates instant trust with sellers and stakeholders. We understand what founders are going through because we’ve been there.
This isn’t just investing. It’s founders helping founders write their next chapter.
Want to learn more about Fund III or explore investment opportunities?*
*For qualified investors only
Krista Morgan
founded P2Bi, a fintech venture that funded $1B in loans to small businesses and earned Inc. 5000 recognition. She knows what it takes to scale under pressure and make the hard calls that define a company’s path.
Ingrid Alongi
founded Quick Left (acquired by Cognizant), serves as Board Chair of Turing School, and is a National Cycling Champion. She brings technical depth and a track record of building businesses that matter.
Legal Disclaimer
Contact: info@editedcapital.com