New investment partners join to support company’s next phase of growth
Ethos Capital LP (Ethos) announced today that it has completed a continuation vehicle (CV) transaction for its portfolio company Identity Digital, bringing in institutional investors including TPG GP Solutions, funds managed by Neuberger, Accel-KKR, Coller Capital, and CVC Secondary Partners, British Columbia Investment Management Corporation (BCI), and 10 East, among others. The transaction enables Ethos to support Identity Digital’s next stage of growth, while offering existing investors the opportunity for liquidity.
“This transaction reflects our conviction in Identity Digital’s long-term potential,” said Erik Brooks, Co-Founder and Managing Partner of Ethos Capital. “We’re grateful to our new investment partners for joining us in this next phase and to our existing investors for their continued trust. Identity Digital’s leadership team has built a performant company that sits at the center of the digital-identity ecosystem, and we’re excited to support their next chapter. Ethos is committed to a long-term investment strategy that employs our deep operational experience to drive long-term profitability and growth.”
Identity Digital operates mission-critical internet domain name system infrastructure that powers trusted online identity and helps organizations establish and secure their digital presence. Since Ethos’ initial investment in 2021, the company has expanded its platform, integrated acquisitions and continued to innovate in response to evolving market opportunities.
“This new investment affirms the strength of our business and supports our continued focus on innovation and client success,” said Akram Atallah, CEO of Identity Digital. "We look forward to deepening our partnership with Ethos and welcoming our new investors as we pursue our next stage of growth.”
“We are delighted to partner with Ethos and the Identity Digital management team for the next chapter of the company’s growth,” said Michael Woolhouse, Co-Managing Partner TPG GP Solutions. “Internet and digital infrastructure has been a key thematic focus area for TPG for over a decade, and Identity Digital has established itself as a clear market leader within this highly attractive market.”
“Neuberger Private Markets has a longstanding, successful partnership with Ethos Capital,” said Frank Guglielmo, Managing Director of Neuberger. “We continue to be impressed with Ethos’ thoughtful approach to value creation. As an existing shareholder in Identity Digital, we are excited to continue supporting the company’s strategic growth through the continuation vehicle transaction.”