Recently, Ethos Capital LP announced the completion of a continuation instrument transaction for its portfolio company, Identity Digital, successfully attracting several well-known institutional investors, including TPG GP Solutions and Neuberger’s funds. This transaction not only injects strong momentum into Identity Digital’s next phase of development but also provides liquidity support for existing investors, marking a significant milestone in its growth.
Erik Brooks, co-founder and managing partner of Ethos Capital, emphasized that this transaction fully demonstrates strong confidence in Identity Digital’s long-term growth potential. He expressed his sincere gratitude for the addition of new investment partners and the continued trust of existing investors, highly recognizing the outstanding performance of Identity Digital’s leadership team and its core position in the digital identity ecosystem. Ethos will adhere to a long-term investment strategy, leveraging its deep operational experience to help the company achieve long-term profitability and growth.
As a key operator of the Internet Domain Name System infrastructure, Identity Digital provides core support for trusted online identities, helping enterprises build and protect their digital identities. Since Ethos’ initial investment in 2021, the company has continuously expanded its platform boundaries, integrated acquired projects, and innovated to seize market opportunities. Identity Digital’s CEO, Akram Atallah, stated that the new investment is both an affirmation of the company’s business strength and will drive the company to continue focusing on innovation and customer success, deepening its cooperation with Ethos, and embarking on a new phase of growth together with the new investor.
The new investment partner also has high expectations for this collaboration. Michael Woolhouse, Co-Managing Partner of TPG GP Solutions, stated that the internet and digital infrastructure have been a key focus area for TPG for over a decade, and Identity Digital’s leadership in this field is recognized. He looks forward to starting a new chapter of development with both teams. Frank Guglielmo, Managing Director of Neuberger, mentioned the long-standing successful partnership between the two companies, praised Ethos’s value creation philosophy, and stated that as an existing shareholder, he will continue to support the company’s strategic growth through continued investment.
It is understood that Evercore served as the lead financial advisor for this transaction, Moelis & Company LLC served as joint advisor, and Kirkland & Ellis LLP provided legal counsel. With the newly injected capital and the support of various resources, Identity Digital is expected to continue to deepen its presence in the digital identity ecosystem and unleash greater development potential.
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