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Investments

4

Portfolio Exits

2

Funds

1

About 22C Capital

22C Capital is a principal investment firm committed to delivering capital and critical resources to companies operating at the intersection of technology enablement and data analytics adoption. The firm has a dedicated focus on the business services, healthcare, and financial services sectors. 22C partners with world-class management teams to build companies that are leaders in their respective markets.

Headquarters Location

70 East 55th Street 14th Floor
New York, New York, 10022,
United States

Latest 22C Capital News

04/06/2025 - TPG Inc.: TPG Rise Climate Acquires Aurora Energy Research from CGE Partners

Jun 4, 2025

London and San Francisco, 4 JUNE 2025 - CGE Partners ("CGE"), a private equity investor investing in high growth information and software businesses, 22C Capital ("22C'), and TPG Rise Climate, the climate investing platform of global alternative asset management firm TPG, today announced that TPG will acquire a majority stake in Aurora Energy Research ("the Company"). Founded in 2013, Aurora provides critical intelligence to energy market participants, governments, and investors through its proprietary data, analytics, and software platform. Since CGE led the management buyout in 2020, the Company has grown from a UK-based advisory firm into a global energy intelligence platform serving more than 1,000 institutions across 40+ markets with 17 offices in 14 countries. As part of the transaction, CGE will make a significant reinvestment, reflecting the firm's confidence in Aurora's continued growth journey. Aurora's CEO, John Feddersen will also make a substantial investment alongside 22C Capital. "This transaction represents an exciting next chapter for Aurora. Combining the exceptional momentum we've created from CGE and 22C's support with the climate investing leadership of TPG Rise Climate, we are poised to continue to deliver market leading support for our clients," said John Feddersen, Founder and CEO of Aurora. "CGE and 22C have been transformative partners for Aurora, supporting our evolution from a UK-focused firm into a global software and data analytics platform at the heart of the energy transition. We look forward to working together with TPG Rise Climate to continue innovating for our clients and deepening our impact in energy markets worldwide." The transaction reflects CGE's proven ability to identify high-potential businesses and work with exceptional management teams to scale businesses into leaders in their sectors. Together with Aurora's management team and 22C Capital's operational expertise, CGE has supported the Company's software-led transformation, sharpened its execution, and unlocked scalable growth, setting the foundation for continued operational excellence and international expansion. Nick Heslop, Managing Partner at CGE, said: "Aurora's transformation into a global leader in energy market intelligence is a testament to its exceptional leadership team and the strength of our partnership." Chloe Holding Curtis, Partner at CGE, said: "We are proud to have supported John and his team at Aurora in its growth journey to date and are delighted to remain investors alongside management, TPG Rise Climate and 22C in this next phase of growth." "With increasing power demand across the globe, Aurora's service offering has already proved invaluable, and we expect it to have strong growth prospects in the US, Asia, and beyond," said Ed Beckley, Managing Partner at TPG Rise Climate. "Increased visibility into data and analytics for the power industry will continue to be a strategic differentiator across the energy value chain, and we are excited to partner with John, CGE, and 22C to accelerate Aurora's growth," added Jamie Gilbert, Business Unit Partner at TPG Rise Climate. Kevin Black, Partner at 22C, said: "It's been an amazing five years working alongside the Aurora team to enhance the company's analytics platform and facilitate its global expansion - we are excited to be a part of the next phase of the journey." Arma Partners advised Aurora, CGE and 22C on the sale. The transaction is subject to customary closing conditions and regulatory approvals.

22C Capital Investments

22C Capital has made 4 investments. Their latest investment was in RapidRatings as part of their Series C on February 13, 2022.

22C Capital Investments Activity

Date Round Company Amount New? Co-Investors Sources
2/14/2022 Series C RapidRatings $200M Yes Spectrum Equity 12
10/30/2020 Private Equity Subscribe to see more Subscribe to see more Subscribe to see more 10
6/5/2019 Recap Subscribe to see more Subscribe to see more Subscribe to see more 10
3/14/2018 Private Equity - II Subscribe to see more Subscribe to see more Subscribe to see more 10

22C Capital Portfolio Exits

22C Capital has 2 portfolio exits. Their latest portfolio exit was Definitive Healthcare on September 15, 2021.

Date Exit Companies Valuation Acquirer Sources
9/15/2021 IPO Definitive Healthcare $XXM Public 2
6/4/2020 IPO Subscribe to see more $XXM Subscribe to see more 10

22C Capital Acquisitions

22C Capital acquired 4 companies. Their latest acquisition was Aurora Energy Research on June 04, 2025.

Date Investment Stage Companies Valuation Total Funding Note Sources
6/4/2025 Private Equity Aurora Energy Research $XXM Acq - Fin 2
7/13/2022 Subscribe to see more $XXM Subscribe to see more 10
7/12/2022 Subscribe to see more $XXM Subscribe to see more 10
11/24/2021 Subscribe to see more $XXM Subscribe to see more 10

22C Capital Fund History

22C Capital has 1 fund, including 22C Capital I LP.

Closing Date Fund Fund Type Status Amount Sources
22C Capital I LP Early-Stage Venture Capital Open 1

22C Capital Team

22C Capital has 4 team members, including current Founder, Managing Partner, Eric Edell.

Name Work History Title Status
Eric Edell Goldman Sachs, Starr Investment Holdings, Carlyle, and Spectrum Equity Founder, Managing Partner Current
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