Fmr Cognizant CEO Francisco D’Souza’s Recognize raises $1.7 B for 2nd fund

Former Cognizant chief executive officer Francisco D’Souza’s technology investment firm Recognize has announced the final close of its second fund with USD 1.7 Billion in total commitments. The firm closed its first fund at USD 1.3 Billion in 2022.Recognize II was oversubscribed and closed in less than five months from launch, with participation from existing investors, including a significant GP commitment, and a curated group of new investors. The limited partners in the fund include endowments, foundations, pensions, insurers, family offices, outsourced CIOs and fund-of-funds across the US, Europe, Asia, and Latin America.Co-founded by Managing Partners Francisco D’Souza, Charles Phillips, and David Wasserman, Recognize II continues to focus on investing in companies with enterprise values between USD 50-500 million.