Sundance growth secures $125m for debut fund in just over 30 days
Menlo Park, CA – June 9, 2025 – Sundance Growth, a growth equity firm investing in mission-critical B2B software companies, today announced the first and final close of its inaugural fund, Sundance Growth Fund I, LP, at its hard cap of $125 million. The fund was significantly oversubscribed and completed its raise in just over 30 days—an exceptional pace given the current fundraising climate.
The firm attracted a diverse base of top-tier institutional limited partners, including endowments, foundations, OCIOs, fund of funds, and family offices.
Founded by Christian Stewart, formerly of Accel-KKR, Sundance Growth makes early growth equity style investments in B2B SaaS companies that sit in a gap between venture capital, traditional growth equity and private equity. The fund focuses on $3–10 million ARR vertical systems of record SaaS platforms with strong long-term growt potential.
“This raise is a validation of our focused strategy and the sizable white space we’re addressing,” said Stewart, Founder and Managing Partner. “We’re grateful to our LP’s for their partnership and conviction.”
Pacenote Capital LLC (“Pacenote”) acted as exclusive Placement Agent. Pacenote commented, “We at Pacenote are thrilled to represent Sundance in their inaugural Fund. From the moment we met Chrisitan, we knew he had founder DNA. Christian and his team embody what we look for in a partner – elite training, focused strategy, entrepreneurial spirit, and visionary drive.”
Sundance Growth looks to provide flexible capital and hands-on support to help companies grow and scale organically and through strategic M&A. The firm emphasizes long-term alignment with teams seeking to build durable, profitable growth software platforms globally.
McGuireWoods served as legal counsel to Sundance Growth during the fundraise. Stewart continued, “Sundance Growth is proud to have McGuireWoods as our fund counsel and trusted advisor, and we appreciate the excellent work the firm delivered on our behalf.”
About Sundance Growth
Sundance Growth is a growth equity firm focused on investing in mission-critical, B2B software businesses. The firm partners with SaaS businesses between $3–10 million in annual recurring revenue and serve as core operational workflow solutions within their industries. Sundance provides flexible capital and hands-on support to help entrepreneurs grow and scale their businesses organically and through strategic M&A. For more information, please visit www.sundancegrowth.com
About Pacenote Capital LLC
Pacenote Capital is a boutique private equity placement agent focused on partnering with preeminent emerging investment managers and private equity funds. For more information, please visit www.pacenotecapital.com
About McGuireWoods LLP
McGuireWoods is a full-service law firm differentiated by its unique Emerging Manager Program providing preeminent GPs with holistic support throughout fundraising and investing activities. For more information, please visit www.mcguirewoods.com and www.emergingmanagerprogram.org/ or contact Jon Finger at jfinger@mcguirewoods.com or Rick Starling at rstarling@mcguirewoods.com
Wall Street Journal - Sundance Growth Secures $125M for Debut Fund in Just Over 30 Days