Cognizant’s former CEO’s investment firm Recognize raises $1.7 billion in second fund

Recognize Partners, a technology services-focused private equity firm co-founded by seasoned industry leaders including Francisco D’Souza former chief of IT firm Cognizant, has raised over $1.7 billion (around 14,580 crore) in its second fund to invest in next-generation digital services.

With Recognize II, the firm will continue to look at investing and picking up majority stake in companies with enterprise values between approximately $50 million and $500 million, when companies start needing growth capital. The cheque sizes of each investment would be similar to the previous fund with average ticket size of around $100 million or a little bigger, D’Souza told ET in an interaction.