Texas’ Elsewhere Partners closes investment fund of us$285 million.

The Austin-based private equity firm focuses on investing in small to mid-sized tech startups.
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Elsewhere Partners, the investment company from Austin, Texas, has raised us$285 million for its third fund to invest in small, fast-growing software companies located outside major tech hubs like Silicon Valley and Boston. The firm targets us$20 million to us$50 million investments, typically for majority stakes in business-software companies generating us$3 million to us$12 million in annual revenue.  Co-founder and Partner Chris Pacitti emphasized the…