Firm at a glance
WestCap is a platform private equity firm founded in 2018 and headquartered in New York, NY, per its own website [S1].
What they buy
WestCap’s portfolio reflects a concentration in technology-enabled businesses, particularly within financial technology, travel technology, and infrastructure security sectors [S2]. The firm’s publicly disclosed holdings include fintech platforms, travel experience technology companies, and industrial cybersecurity providers [S2]. As of January 2025, WestCap reported managing approximately $6 billion in assets under management [S3].
Portfolio
WestCap’s portfolio companies span several technology verticals:
**Financial Technology**
Addepar, a wealth management technology platform [S2], and GoodLeap, a financing solutions provider [S3], represent the firm’s fintech holdings.
**Travel and Experience Technology**
Hopper, a travel booking and fintech application, operates in what WestCap categorizes as “extech” [S2].
**Infrastructure and Security**
Dragos, an industrial cybersecurity company, represents the firm’s investment in infrastructure technology [S2].
Recent activity (last 24 months)
* **May 2025**: WestCap provided initial funding of $20 million to iAltA Holdings, a private markets technology platform [S4]
* **February 2026**: The firm acquired Fit Foods, a prepared meal company [S5]
* **April 2026**: WestCap held a first close for Fund III, targeting $1.5 billion [S6]
How this firm fits a seller
WestCap appears oriented toward growth-stage technology companies rather than traditional lower-middle-market owner-operated businesses. The firm’s portfolio composition suggests a focus on venture-backed or high-growth platforms requiring capital for expansion rather than founder succession scenarios. The firm maintains offices in New York, San Francisco, London, and Portsmouth, NH [S1], indicating geographic reach across major technology hubs. Sellers in financial technology or infrastructure software sectors may find alignment with WestCap’s demonstrated investment pattern.
Sources
[S1] https://www.westcap.com (as of 2025-01-15)
[S2] https://www.westcap.com (as of 2025-01-15)
[S3] https://www.westcap.com/portfolio (as of 2025-01-01)
[S4] https://www.businesswire.com/news/home/20250509607961/en/iAltA-Holdings-Launches-with-Initial-Funding-of-%2420M-to-Modernize-Private-Markets-Led-by-Proven-Industry-Builders-and-Backed-by-WestCap (as of 2025-05-12)
[S5] https://www.just-food.com/news/fit-foods-investment-westcap/ (as of 2026-02-05)
[S6] https://www.buyoutsinsider.com/laurence-tosis-westcap-targets-1-5bn-for-fund-iii-holds-first-close/ (as of 2026-04-22)
Frequently asked questions
Does WestCap buy fintech businesses?
Yes, WestCap has demonstrated activity in financial technology, with portfolio companies including Addepar and GoodLeap [S2][S3]. The firm’s May 2025 investment in iAltA Holdings, a private markets technology platform, further confirms ongoing interest in fintech infrastructure [S4].
What companies has WestCap acquired recently?
WestCap’s recent publicly disclosed transactions include the acquisition of Fit Foods in February 2026 [S5] and the initial funding of iAltA Holdings in May 2025 [S4]. The firm also held a first close for its third fund in April 2026 [S6].
Where is WestCap based and how big is the firm?
WestCap is headquartered in New York, NY, with additional offices in San Francisco, London, and Portsmouth, NH [S1]. The firm reported managing approximately $6 billion in assets under management as of January 2025 [S3].
Is WestCap still actively acquiring?
Yes, WestCap appears actively acquiring based on transactions completed in 2025 and 2026, including the Fit Foods acquisition in February 2026 and the iAltA Holdings investment in May 2025 [S4][S5]. The firm’s April 2026 first close for Fund III suggests ongoing capital deployment activity [S6].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.