Recognize Partners Fund II.

Former Cognizant CEO Francisco D’Souza’s private equity firm Recognize Partners has closed its second fund, Recognize Partners II, with $1.7 billion in commitments . The fund was heavily oversubscribed and reached its target in under five months, drawing capital from a globally diverse mix of endowments, pensions, family offices, insurers, and fund‑of‑funds.

This new fund follows Recognize’s debut effort, which closed at $1.3 billion three years ago . Recognize focuses on tech‑services and high‑growth digital infrastructure companies with enterprise values between $50 million and $500 million—targeting sectors like cloud, cybersecurity, and digital platforms, especially those leveraging generative AI .

So far, the firm has already deployed part of Fund II into companies such as HealthEdge Software, in partnership with Bain Capital . Earlier exits under Fund I include notable sales like AST to IBM and Torc to a subsidiary of Randstad . With three founding partners—Francisco D’Souza, Charles Phillips (formerly of Infor/Oracle), and David Wasserman (formerly of CD&R)—Recognize continues to pursue transformative digital services investments .

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