TMT Fund: Pamplona raises $1 billion to invest in technology, media and teleco companies across Europe and the US

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Pamplona Capital Management today announced that it has raised $1 billion for Pamplona TMT Fund I, a dedicated fund that will make equity investments in technology, media, and telecommunications (TMT) companies. Pamplona expects the fund to invest in 12 to 15 companies, the first of which, Dyn, it announced today.

The fund will invest in high-growth companies in segments including cloud computing and SaaS companies, mobile platforms and services, and industrial technologies. The fund will consider both control and minority investments; buyouts and recapitalizations; and rollups and consolidations within its target sectors.

Pamplona Managing Partner John Halsted said: “The creation of this $1 billion dedicated TMT fund shows Pamplona’s very significant intent to actively participate in the shifting landscape inherent in these industries. We believe we have assembled the expertise and capital resources to take advantage of a number of exciting opportunities.”

Justin Perreault, who joined Pamplona in December 2015 to make investments in technology sectors, will be a full-time partner in the TMT fund, whose team will be based in Boston.

Justin Perreault said: “We are also pleased today to announce the fund’s first investment, a $50 million growth equity investment in Dyn,the leading provider of internet performance management solutions. We look forward to partnering with Dyn to help further capitalize on the exciting opportunities in their business.”

Dyn is a rapidly-growing cloud-based Internet Performance Management company based in Manchester. The company provides visibility and control into cloud and public Internet resources. Dyn’s platform monitors, controls and optimizes applications and infrastructure through Data, Analytics, and Traffic Steering, ensuring traffic gets delivered faster, safer, and more reliably than ever. Current customers include Pfizer, Visa, Netflix, and Twitter.

Pamplona Capital Management is a London and New York based specialist investment manager established in 2005 that provides an alternative investment platform across private equity, fund of hedge funds and single manager hedge fund investments.