Press Release

Exclusive: Garnett and Theis team up to back tech carve-outs

Terry Garnett and Rob Theis are raising upwards of $500 million to back a small number of carve-outs from large technology companies, Fortune has learned. Theis has spent the past six years as a partner with Scale Venture Partners, where his deals included HubSpot HUBS -1.75% , RingCentral RNG -0.57% , BrightRoll, PeopleMatter, SailThru and Scale Computing.