Bedford Funding

Overview

Bedford Funding is a private equity firm that provides long-term capital to businesses in the technology sector, with a particular focus on healthcare IT and human capital management (HCM) software. Founded in 2006, the firm has raised significant capital for its funds, including $400 million for its first fund, Bedford Funding I, which concentrated on the HCM software segment, and $1 billion for its second fund, Bedford Funding II, focusing on the healthcare IT market. The firm's headquarters are located in White Plains, New York, and it makes investments worldwide. The firm's investment strategy involves targeting significant growth opportunities and complex, underperforming, or distressed companies within the technology sector. Bedford Funding leverages its team's extensive operating backgrounds to identify attractive opportunities in technology enterprises. The team has a strong operating track record of creating value for investors and continues to focus on opportunities in the large and consolidating technology market, in which they have deep domain expertise. Bedford Funding's portfolio includes notable investments such as MDLIVE, a telemedicine company that was sold to Evernorth/Cigna in 2021, and PeopleFluent, an HCM software company that was sold to LTG plc in 2018. The firm's management team, which previously worked together at Geac, a highly successful enterprise software company, has continued to work together at Bedford Funding for over a decade, providing a cohesive and experienced team for their investments.

Investment Focus

• Target companies should be in the technology sector, particularly healthcare IT and human capital management software.
• Companies should have significant growth potential or be underperforming or distressed, presenting opportunities for turnaround.
• Investments can be worldwide, with a focus on North America and Europe.

Portfolio Companies