Wednesday, April 29, 2020

Palisades Growth Capital Sells Stake In Docupace

Los Angeles-based private equity investor Palisades Growth Capital announced this morning that it has sold off its ownership interest Los Angeles-based L Docupace, a developer of software for the wealth management industry. Financial terms of the sale were not announced. Palisades said it sold its interests in Docupace to another private equity investor, FTV Capital. Docupace is led by CEO Mark Tapling; the company also is backed by San Diego-based TVC Capital. Both Palisades Growth Capital and TVC Capital were part of the investors in the $16.5M funding round for Docupace in 2016.