How many investments has Equality Asset Management made?

Equality Asset Management has 18 tracked investments, 1 of which have exited via acquisition or IPO.

What stage does Equality Asset Management invest at?

Equality Asset Management invests at the Growth, Late Stage stages.

What is Equality Asset Management's typical check size?

Equality Asset Management typically writes checks of $25M – $150M.

What sectors does Equality Asset Management focus on?

Equality Asset Management focuses on Cloud Computing, Enterprise Software, Fintech, SaaS.

Where is Equality Asset Management located?

Equality Asset Management is headquartered in Boston, US.

Does Equality Asset Management lead rounds?

Equality Asset Management typically participates in rounds rather than leading them.

Who does Equality Asset Management co-invest with?

Equality Asset Management most often shares deals with Floodgate, Frist Cressey Ventures, JobsOhio Ventures, among 11 tracked co-investors.

Equality Asset Management

Private equity

Boston · Growth–Late Stage · 15 people tracked

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Investment thesis

EAM is a growth-focused private equity firm building a lower mid-market, software-focused growth buyout platform. It invests exclusively in software and software-enabled services companies, backing founder-led, product-led category leaders with strong growth potential. The firm typically deploys $25M to $150M of equity per portfolio company, targeting capital-efficient, profitable businesses with roughly $10M-$50M in recurring revenue. Through its Investor-Operator approach, EAM provides tailored capital plus strategic and operating support to help companies scale efficiently, expand capabilities, and pursue operational excellence. It emphasizes long-term profitable growth, data-driven candor, and lasting partnership with founders and CEOs.

Invests inCloud Computing Enterprise Software Fintech SaaS Boston United States

Source: firm website, verified Aug 7, 2026.

Stage

Growth–Late Stage

Check

$25M – $150M

Boston, US

Leads rounds

Follows

Instruments

Equity

Founded

2018

AUM

$575M

Tracked investments

Team · 15 people

from the firm's website & public directories

Jeff Del Papa· Co-Founder and Managing Partner

Co-Founder and Managing Partner who has invested in private software companies for over 20 years. Started his private equity career at Summit Partners and also worked at Thoma Bravo and TA Associates. Graduated from Babson College and holds an MBA from Harvard Business School.

Tom Roberts· Co-Founder and Managing Partner· Boston, Massachusetts, United Statesin

Co-Founder and Managing Partner who spent nearly 30 years at Summit Partners as Managing Partner and Executive/Investment Committee member, founding Summit's Portfolio Performance Group and sitting on over 40 portfolio boards. Studied economics at Princeton University and holds an MBA from Harvard Business School.

Shawn McGowan· Operating Partner· Greater Bostonin

Operating Partner and technologist with more than 25 years of operating experience in software and tech-enabled services, having served as CTO, COO and CEO, most recently CEO of Scribe Software. Graduated from Plymouth State College and Northeastern University (including an MBA).

Wendy Cebula· Operating Partner· Greater Bostonin

Operating Partner with over 30 years of leadership experience building high-growth edtech, e-commerce and financial services companies. Former President and COO of edX and spent 13 years at Vistaprint (Cimpress) including as COO. Holds a B.S. in Finance from Rochester Institute of Technology.

Ned Schwartz· Managing Director· New York, New York, United Statesin

John Batter· Principal· Boston, Massachusetts, United Statesin

Joined EAM in 2026 with over a decade of technology investing experience. Previously a Principal at BV Investment Partners and worked at Onex Partners and The Parthenon Group. Holds a B.A. in Economics from Harvard College and an MBA from Harvard Business School.

Jonathan Schwartz· Principal

Joined EAM in 2025. Previously a Vice President at H.I.G. Growth Partners focused on vertical and enterprise software, healthcare technology and tech-enabled services. Began his career at Deloitte Corporate Finance and was an Associate at Northlane Capital Partners. Holds a B.S. in Business Administration from UNC Chapel Hill's Kenan-Flagler Business School.

Andrew Hayes· Chief Financial Officer & Chief Compliance Officer· Boston, Massachusetts, United Statesin

Joined EAM in 2020 with over 18 years serving private equity firms and portfolio companies. Former Audit and Transaction Advisory Partner at KLR and a Controller at Summit Partners. Holds a B.S. in Accountancy from Providence College, an MBA from Bryant University, and is a CPA.

Annabel Hodson-Walker· Associate· Boston, Massachusetts, United Statesin

Joined EAM in 2025. Previously an Advisor on the Corporate Development team at Dell Technologies focused on M&A and divestitures. Holds a B.S. in Management from Boston College's Carroll School of Management.

Fiona Beery· Executive Assistant· Boston, Massachusetts, United Statesin

Joined EAM in 2026. Graduated from Virginia Tech with a B.S. in Finance.

Kyle Olander· Senior Associate· Boston, Massachusetts, United Statesin

Joined EAM in 2025. Previously invested in growth-stage software and data businesses at Spectrum Equity and worked as an Investment Banking Analyst at Raymond James. Holds a B.S. in Finance from Boston College.

Leighton Dolan· Associate· Boston, Massachusetts, United Statesin

Joined EAM in 2025. Previously an Investment Banking Analyst at William Blair supporting software M&A. Graduated from the Villanova School of Business with a degree in business administration.

Michaela Thompson· Associate· Boston, Massachusetts, United Statesin

Joined EAM in 2022. Previously interned at Battery Ventures focused on sourcing and executing industrial technology investments. Holds a B.S. from Boston College's Carroll School of Management.

Page Sadlier· Director of Operations· Boston, Massachusetts, United Statesin

Joined EAM in 2018 with over 18 years in business support roles at financial services firms. Previously worked in investor relations at HighVista Strategies and held roles at DRG and Columbia Threadneedle Investments. Holds a BA in Economics from Northeastern University.

Tara Ciongoli· Senior Advisor· Boston, Massachusetts, United Statesin

Joined EAM in 2018 as COO and now serves as Senior Advisor. Previously spent nearly a decade at McKinsey & Company in strategy and marketing and worked in business development at Time Inc./Time Warner. Holds an MBA from Harvard Business School and an AB from Princeton University.

t•••@equalityam.comreveal

What they invest in

from 15 of 18 portfolio companies

SaaS ×11Fintech ×7Enterprise Software ×6AI & Machine Learning ×4Data & Infrastructure ×3InsurTech ×3GovTech ×2Cloud Computing ×1

HQs:United States×7

Investments · 18 tracked

founders shown can be your intro path

OptionMetricsoptionmetrics.com✓ verified

OptionMetrics provides historical end-of-day options price data, implied volatility calculations, and Greeks through its IvyDB databases, covering equity, index, and futures options across North America, Europe, and Asia-Pacific markets since 1996.

Data & InfrastructureEnterprise SoftwareFintechNew York City, US

Co-investorsLeeds

Advanced GRCadvancedgrc.com

AGRC provides purpose-built software platforms for licensing and permitting, inspections, complaint resolution, and regulatory compliance across the regulatory lifecycle from data intake to analytics and reporting.

GovTechLegalTechSaaSNew York, US

AtaataDec 2017

Mimecast provides a platform for securing humans, data, and AI within organizations.

AI & Machine LearningCloud ComputingCybersecurityEnterprise SoftwareArlington, US

Michael Madon(Executive Officer, Director)Ranjan Singh(CEO)Timothy Jackson(Executive Officer)

BoardAdam Fletcher(Director)Randy Altschuler(Director)

Co-investorsCyber Mentor Fund Floodgate Glilot Capital Partners JobsOhio Ventures Maryland TEDCO Next Frontier Capital +3 more

Auctivoauctivo.com

Cloudagecloudage.com in 𝕏

Cloud Age offers the gpxcloud SaaS platform and managed services that convert telecom carrier invoices into standardized data and automate cost validation, invoice processing, and telecom inventory and expense management.

Enterprise SoftwareFintechSaaS

Connectbaseconnectbase.com in 𝕏

Connectbase operates The Connected World, a location-intelligence and automation platform for buying and selling network connectivity.

Data & InfrastructureSaaSSales Tech

Co-investorsAscent Venture Partners Osage Venture Partners

Elation Systemselationsys.com

Elation Systems provides web-based Davis-Bacon, labor, and contract compliance management systems used to meet compliance reporting and monitoring requirements.

Construction TechGovTechSaaSPortsmouth, US

Equality Asset Managementequalityasset.com

Equality Asset Managementequalityassetmanagement.com

Equality Asset Management (EAM) is a Boston-based growth-oriented private equity firm that invests in lower mid-market software and software-enabled services companies, typically deploying $25M to $150M of equity per portfolio company.

Enterprise SoftwareFintechSaaSBoston, US

Jeff Del Papa(Co-Founder & Managing Partner)Tom Roberts(Co-Founder & Managing Partner)in

Evention

Chicago-based back-office services provider to hotels, restaurants and retailers; EAM invested in 2022.

Eventionllceventionllc.com in 𝕏

Evention provides automated financial reconciliation software that validates payment, cash, tip, and booking data across systems for finance teams in the hospitality, restaurant, retail, and entertainment industries.

Enterprise SoftwareFintechSaaS

Ionanalyticsionanalytics.com

ION Analytics provides data and analytics services for global capital markets, combining human research with AI to deliver predictive market intelligence.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechMedia & Entertainment

Co-investorsLiquidity Capital

Mindoulamindoula.com

Mindoula is a population health management company that identifies, engages, and supports people with complex behavioral health, medical, and social needs using a technology suite of data science, psychometrics, predictive analytics, and AI combined with virtual and in-person care teams.

Digital HealthHealthtechMental HealthSilver Spring, US

Steven Sidel(Executive Officer, Director)Greg Couto(Executive Officer, Director)

BoardNavid Farzad(Director)Manish Agarwal(Director)in

Co-investorsFrist Cressey Ventures Atlantic Vantage Point

Mivamiva.com

Miva is an enterprise-grade ecommerce platform for merchants managing large or complex, high-SKU product catalogs, with tools for AI-powered site search, product filtering, and dynamic merchandising.

E-commerceRetail TechSaaS

OptionStratoptionstrat.com 𝕏

OptionStrat provides an options trading platform with a strategy builder to visualize expected profit and loss for over 50 pre-made or custom option strategies, plus an optimizer that scans trades for target prices and dates.

FintechSaaS

PCMIpcmicorp.com in

PCMI builds PCRS, an F&I (finance and insurance) administration platform that manages the full product lifecycle — contracts, claims, and payments — on a deterministic core with an agentic AI layer for automation and self-service.

AI & Machine LearningInsurTechSaaS

Rhoads Onlinerhoadsonline.com in

Rhoads provides a compliance infrastructure platform for insurance distribution, centralizing producer licensing, appointments, onboarding, renewals, and continuing education tracking through its Compliance Decision Engine (including PCRM and REGINA).

FintechInsurTechSaaS

Riskcontroltechriskcontroltech.comacquired by Duck Creek Technologies

AI & Machine LearningInsurTechSaaS

Exits · 1

IPOs and acquisitions across the tracked portfolio

Riskcontroltechacq. by Duck Creek Technologies

Portfolio news

latest coverage across their companies

Connectbase Acquires Cloud Age, Expanding Its Role as the Operating System for Transacting in the Connected World

Connectbase · prnewswire.com · Dec 2, 2025

Frequently asked questions

How many investments has Equality Asset Management made?: Equality Asset Management has 18 tracked investments, 1 of which have exited via acquisition or IPO.
What stage does Equality Asset Management invest at?: Equality Asset Management invests at the Growth, Late Stage stages.
What is Equality Asset Management's typical check size?: Equality Asset Management typically writes checks of $25M – $150M.
What sectors does Equality Asset Management focus on?: Equality Asset Management focuses on Cloud Computing, Enterprise Software, Fintech, SaaS.
Where is Equality Asset Management located?: Equality Asset Management is headquartered in Boston, US.
Does Equality Asset Management lead rounds?: Equality Asset Management typically participates in rounds rather than leading them.
Who does Equality Asset Management co-invest with?: Equality Asset Management most often shares deals with Floodgate, Frist Cressey Ventures, JobsOhio Ventures, among 11 tracked co-investors.

Images

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