Simpson Thacher represented Technology Crossover Ventures in connection with raising $2.5 billion for TCV IX (its hard cap). TCV is one of the leading investors in the growth equity space in technology, services and related industries. Led by Jay Hoag, Rick Kimball and Jake Reynolds, TCV’s prior investments have included Altiris, CNet, Dollar Shave Club, Expedia, Facebook, Genesys, HomeAway, Netflix, Risk Metrics, Splunk, Spotify and Zillow among many others. The Firm also represented TCV in its prior fundraise of $2.2 billion.
The Simpson Thacher team for this fundraise included Mike Nooney, Robert Guo, Brendan Baker, Tanvi Mirani and Jane Li (Private Funds); Jen Levitt (Credit); and Jeanne Annarumma (ECEB).