Reston growth equity firm closes $560M investment fund

A Reston-based growth equity firm focused on the national security tech market has closed a $560 million investment fund.

The firm, Razor’s Edge Management, announced its fourth investment fund closed Thursday. Fund IV is its largest fundraise and had an original target of $400 million.

Razor’s Edge now manages more than $1.25 billion in assets.

Founded in 2010, the firm focuses on high-growth tech companies in the national security and adjacent markets. It will use the fund to scale companies with space, autonomy, cyber, advanced sensing, signal processing, AI-enabled systems and other aerospace and defense technologies.

“This fund represents a renewed commitment to our mission to ensure the U.S. and its allies maintain technological superiority in an increasingly contested world,” Peggy Styer, co-founder and managing partner of Razor’s Edge, said in a statement. “Our team is built from the national security community, and we invest with deep conviction in companies that will win on the modern battlefield.”

Razor’s Edge has completed four investments out of Fund IV so far, according to a statement from co-founder and Managing Partner Mark Spoto, but did not disclose which companies it invested in. Spoto did not immediately reply to a request for more information.

The firm has current investments in Vienna-based tech company Corsha and Herndon geospatial analytics company HawkEye 360, among others.