San Diego-based Blueprint Equity surpasses $600M in AUM as it continues backing capital-efficient, high-growth businesses overlooked by traditional venture capital.

Blueprint Equity, a San Diego-based growth equity firm, today announced the single closing of its $333 million third fund, Blueprint Equity III, LP (“Fund III”). Fund III was significantly oversubscribed, closing in 12 days. Since launching in 2018, Blueprint has established itself as one of the top-performing private equity funds in the world – both Fund I and II are top ventile.

The Fund will make $5 – 15 million initial investments in high-growth, capital-efficient enterprise software, B2B, and technology-enabled services businesses generating $1 – 7 million in revenue. Blueprint Equity’s third fund is backed by a select group of endowments, foundations, and hospital systems, in addition to Fund I and II existing investors, including Accolade Partners, The David and Lucile Packard Foundation, and Makena Capital Management.

“As we launch our third fund, we are doubling down on what works: backing exceptional founders building real businesses outside the traditional venture slipstream. Today’s market rewards discipline, efficiency, and operational rigor. We’ve built Blueprint to be the first institutional partner that helps young, high-growth businesses professionalize and prepare for meaningful scale, without forcing them onto a funding treadmill they don’t need,” said Bobby Ocampo, Co-Founder and Managing Partner of Blueprint Equity.

Blueprint focuses on partnering with founder-led businesses with strong, early momentum, yet unlocked sales and marketing potential. Blueprint’s value creation team works hand-in-hand with management teams to accelerate growth by recruiting talent, implementing and executing sales and marketing playbooks, optimizing pricing, and sourcing and evaluating potential acquisitions. Since Blueprint’s founding, the firm has made 24 platform investments and had seven partial recapitalizations.

“With this fund, we’re continuing our mission and expanding our ability to support the next generation of durable, founder-led software companies,” said Sheldon Lewis, Co-Founder and Managing Partner of Blueprint Equity. “In a market where many funds have moved upstream, Fund III allows us to stay committed to our target segment of the market where we see strong fundamentals, including profitable growth, real customers, sticky products, and founders who know their industries better than anyone. It’s a powerful moment to lean into that focus.”

Blueprint is also pleased to announce the promotions of Francis Donohue and John Bonhard to Principal, Connor Nevelle to Vice President, and Jacob DeMarco and Ina Kodra to Senior Associate. "The Blueprint team is what differentiates us from our peers. We are excited for the future and expect our entire organization to take on greater responsibilities in Fund III,” said Ocampo. "Blueprint would not be where we are today without our team."

“Blueprint is an elite manager in growth equity—disciplined, consistent, and relentlessly focused on being the best. The team they’ve assembled is exceptional, and the results speak for themselves. Re-upping with them was a no-brainer for us,” said Aram Verdiyan, Partner at Accolade Partners.

About Blueprint Equity

Blueprint Equity is a growth equity firm focused on investing in and scaling market-leading enterprise software, B2B, and technology-enabled service businesses. Blueprint partners with founders who have built proven, capital-efficient businesses ready to accelerate growth. Founded in 2018, the firm takes a hands-on, founder-focused approach, emphasizing operational partnership, sustainable scaling, and long-term value creation. Blueprint has over $600 million of assets under management and is based in La Jolla, CA.

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